Terminology

  • Glass cliff: It refers to a situation in which women are promoted to higher positions during times of crisis, or during a recession when the chance of failure is more likely.
  • Promoting women to leadership position gives companies someone to blame if she fails to pull the company out of its downward spiral.
  • Windfall Tax: Windfall tax is a one-off tax imposed by a government on a company.
  • It is levied on an unforeseen or unexpectedly large profit, especially unfairly obtained.
  • Accommodative Stance: When the central bank is prepared to expand the money supply to boost economic growth, i.e. willingness to cut policy rate.
  • Bancassurance: It is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base. Thus, banks earn additional revenue by selling insurance products, and insurance companies expand their customer bases without increasing their sales force.
  • Social Stock Exchange (SSE): SSE is a novel concept, first floated by Finance Minister in Budget speech for financial year 2019-20. It allows investors to buy shares in a social enterprise that has been vetted by an official exchange.Terminology