Glossary
Our forum
R2I = Return to India
LIA = Live in America
AAP = Asset Allocation Plan
DCA = Dollar Cost Averaging (method of investing dollars in predetermined intervals with smaller set amounts, as opposed to one large lumpsum amount)
IMHO = In my humble opinion
IMO = In my opinion
BSAEOD = being slow at the end of the day
BTW = By the way
ASAP = As soon as possible
CC = Credit Card
TD = Treasury Direct.com
NRA = Non resident Alien ( a returned NRI on H1 becomes NRA after 1 year, with GC after 2 years )
USC = US citizen
INC = Indian Citizen
USR = US Resident
INR = Indian Resident
GC/GCH = Green Card Holder
DC = Dual Citizenship ( basically here USC+INC )
SB = Savings bonds
CG = Capital Gain
GOI = Govt of India
ST = short term, LT = Long term
DoT= Department of Treasury
BoL = Bureau of Labor ( publishes inflation index )
DASS = Dhokla's Asset Swap Strategy - In the last year of RNOR period, sell all US stocks and funds buy them back to increase the cost basis to reduce further CG tax in India
( Will not work any more with new RNOR law enacted - 3/12/2003 -RRK)
MFJ = Married Filing Jointly ( For US Income tax return; Not allowed for person filing as NRA )
REP = Re-Entry Permit ( A departing GC may apply for REP before returning to India - It allows the GC to hold the Green card for 2 years and help him to file as Resident in USA and get higher tax exemption which is not available for Non-Resident Aliens )
CoL = Cost of Living
SoL = Standard of Living
Stocks:
INTL= International
EM = Emerging Markets
L or l = Large-cap(s)
LB or lb = Large-Cap Blend
LC or lc = Large-Cap(s)
LG or lg = Large-Cap Growth
LV or lv = Large-Cap Value
MC or mc = Mid-Cap(s)
SB or sb = Small-Cap Blend
SC or sc = Small-Caps(s)
SG or sg = Small-Cap Growth
SV or sv = Small-Cap Value
RE = Real Estate or Real Estate Investment Trust
REIT = Real Estate Investment Trust
TSM = Vanguard's Total Stock Market Fund
TBM = Vanguard's Total Bond Market Fund
Bonds:
ST=short term
IT=intermediate term
LT=long term
TIPS = Treasury Inflation-Protected Securities
CORP= corporate bonds
Muni=Tax exempt municipal bonds
Vang funds
VTSMX = Total Stock market index
VBMFX = Total Bond market index
VIPSX = Vang. Inflation Protected Securities fund
VFSTX = Vang. Short Term Corp Fund
VMLTX = Vang. Limited term Tax exempt Muni
VGSTX = Vang. STAR fund - a combo fund recommended by Vinod for starters
LS = Life Strategy, a group of Vanguard fund-of-funds type funds
VTI = Vanguard Total Market Index - ETF
General
M* = Morningstar
BTM = book to market = 1/(p/b)
EAFE = an index of non-U.S. equities
ETF = exchange traded open-ended mutual fund
P/E = price of a stock divided by earnings per share
P/B = price of a stock divided by book value per share
4x25 = the notion of dividing one's U.S. equity portfolio into four equal pieces, one L, one S, one LV, one SV
5x20 = the notion of dividing one's U.S. equity portfolio into five equal pieces, one L, one S, one LV, one SV, and one RE
In Indian Context
AAR - Authority of Advance Ruling
AD - Authorised Dealer
AY - Assessment Year
CBDT - Central Board of Direct Taxes
CCP Customs Clearance Permit
CP - Commercial Paper
DD - Demand Draft
EEFC - Exchange Earner's Foreign Currency Account
FA - Finance Act
FCNR - Foreign Currency Non-Resident Account
FD - Fixed Deposit
FE - Foreign Exchange
FEA - Foreign Exchange Asset
FEDA - Foreign Exchange Dealers' Association of India
FERA - Foreign Exchange Regulations Act
FII - Foreign Institutional Investor
FIPB - Foreign Investment Promotion Board
FIRPS - Foreign Inward Remittances Payment System
Forex - Inward remittances from any place outside India or funds held in any non-resident account in India.
FY - Financial Year
HUF - Hindu Undivided Family
IMF - International Monetary Fund
ITA - Income Tax Act
LIC - Life Insurance Corporation of India
LOA - Letter of Authority
MF - Mutual Fund
NBFC - Non-Banking Financial Companies
NRE - Non-Resident External Rupee Account
NRI - A person resident outside India who is a citizen of India.
NRNR - Non-Resident Non-Repatriable Rupee Deposit Account
NRO - Non-Resident Ordinary Account
NRSR - Non-Resident (Special) Rupee
OCB - Overseas Corporate Bodies
PFIC - Passive Foreign Investment Company
PIO - Persons of Indian Origin, not a citizen of India.
POA - Power of Attorney
PPF - Public Provident Fund
Property - Immovable property in India other than agricultural land.
PSU - Public Sector Undertaking
RBI - Reserve Bank of India
RCA - Rupee Cost Averaging (method of investing rupees in predetermined intervals with smaller set amounts, as opposed to one large lumpsum amount; similar to DCA, but in the indian context)
Repatriation - This covers not only direct remittances outside India but also credit to RFC, NRE or FCNR accounts.
Resident - Resident in India, irrespective of origin or citizenship.
RFC - Resident Foreign Currency Account
RIFEES - Returning Indians Foreign Exchange Entitlement Scheme
RNOR - Resident but not Ordinarily Resident
ROI - NRI + POI
ROR - Resident but Ordinarily Resident
SB - Savings Bank Account
TDS - Tax Deducted at Source
TT - Telegraphic Transfer
TTBR - Telegraphic Transfer Buying Rate
TTSR - Telegraphic Transfer Selling Rate
UTI - Unit Trust of India
STP- Systematic Transfer Plan, usually used for transfer of funds from Floating Funds to Equity Schemes at regular intervals say every week; formight or month under SIP.
SIP- Systematic Investment Plan. Facilitates investment at regular intervals. In SIP balances are infused and invested at regular intervals says every week; forthnigh or month, and thus requires number of Cheques for each investment. Whereas under STP, large balance is initially invested in Floating Fund like a bank saving a/c.
NFO - New Fund Offer; same as IPO - Initial Public Offer.
Mutual Fund Schemes - are schemes/funds offering Equity, Sectoral Equity, Gilt, Floating, etc.
Floating Category - same as Dollar Cost Averaging (DCA) Method. Provides facilities for auto transfer & investment in any other scheme of same MF-AMC (Asset Management Company); a good alternative for NRE/NRO saving & fixed deposits (FDS) too; earns tax free interest
AMC - Asset Management Company
FDS - Fixed Deposit
