Security deposit
One percent of the issue size available for subscription to the public, deposited with the designated stock exchange before the subscription list opens, refundable or forfeitable as SEBI specifies.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series IX← All terms