Wednesday, November 17, 2010

Industry Jargon Explained

In this blog, we would be giving links to articles in business newspapers / websites which explain industry terminology. Often, as law students and law industry practitioners, we are not aware of several terms that are used in the day-to-day life of business. Hence, we would be giving links to articles in the newspapers on commonly used terms in the industry but of which law students are generally not aware.

moneycontrol.com on Net Asset Value in Mutual Funds

Business Line on contractual terms in Health Insurance Policies
In the above article, terms such as the "sum assured", "benefits", conditions such as exclusion of alternative therapies from the cover of insurance, exclusion of cover for organ transplants are explained.

Business Line on How to Arrive at the Enterprise Value
Enterprise Value is the index used to compare two firms (in the economic sense) in the same sector. The article explains how to calculate enterprise value, combination of enterprise value and other comparison systems, and the limitations of using enterprise value in the comparison of firms.

Business Line on Non-Compete Fee
The issue of Non-Compete Fee became famous because of the proposed acquisition of Cairn India by Vedanta. This article explains what a Non-Compete Fee is and briefly maps the legal position pertaining to it. [the latest news on the Cairn-Vedanta deal can be accessed from here.]

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