SEBI
Securities and Exchange Board of India
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Securities
The holdings of a fund, such as stocks or bonds.
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Short term
The period of time in which market volatility may subject an investment to market risk of loss. The short term may be considered to be a period of two years or less.
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Speculative risk
Derived from an intention to obtain an undue benefit from an insurance policy. Similar to a gambling wager, it is illegal.
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Statutory presumption of death
The laws in most countries provide that in the event of a person who has gone missing for a certain number of years a court order can be made to declare the person as legally dead. This is usually set as seven years. It has to be proved to the court that he or she has not been heard of by anyone including those who would naturally have heard if he or she had been alive.
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Surrender value
The surrender or cash value is the amount payable to the policyholder should the policyholder decide to discontinue the policy. However, the insurance protection provided under the policy will also cease. Not all insurance policies have surrender or cash values.
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