What is a Mandate? A mandate is any official order or instruction that gives authority to the receiver to facilitate service. It is usually used in the context of banking, where a mandate helps to make recurring payments at a particular date to a specific business or entity. Launched by the RBI and the National …
Post Type Archives: Glossary
Margin
Margin is the difference between the selling price and the cost of producing or providing a product or service. It is often expressed as a percentage and represents the profit margin or markup.For example, a retailer may sell a product at a 20% margin, which means that the selling price is 20% higher than the …
Marginal Rate
What does it mean? Marginal Rate or the marginal tax rate refers to the percentage of your taxable income above a certain defined threshold. It is only applied for each tax bracket that you qualify for. The more income you make, the more taxes you owe as it is simply a percentage of your actual …
Market Share
Market share is the portion of a total market that is controlled by a particular company or product. It is commonly used to assess the competitiveness of companies in various industries, such as the telecommunications sector where companies like Reliance Jio and Bharti Airtel compete for market share in the mobile services market.