Glossary

I

• ICAR INDIAN COUNCIL OF AGRICULTURAL RESEARCH.  
• IFFCO Indian Farmers Fertiliser Cooperative Limited.
• Immediate or Cancel Order allows an investor to buy or sell a security as soon as the order is released into the system, failing which the order is cancelled from the system.  
• Implied Volatility The volatility of the underlying instrument implied by the market price of options.
• Income Fund The objective of such fund is to provide a regular income to the investors by investing in fixed income securities like debentures, bonds, and high dividend shares. The fund pays dividends to the investors out of its earnings.  
• Income statement A summary of a firm's revenue & expenses over a specified period, generally one year, ending with net income or loss for the period.
• Income stock A stock with a history of paying consistently high dividends. 
• Index Fund This refers to the fund that at any point of time has same composition of asset as that of its benchmark. These funds rigorously follow their benchmark. These come under the passive investment style. Such an investment style believes that the market is efficient and all the information are fully reflected in the stock prices.  
• Inflation This refers to the situation in which there is rise in the general level of prices of goods & services.
• Interest coverage ratio Earning before interest & taxes divided by interest charges. It indicates a firm's ability to cover interest charges.