Glossary
Financial terms, explained simply
Quick reference for language used across ThinkCalculator's tools.
C
CAGR
CAGR, or compound annual growth rate, is the constant annual rate that connects a beginning value to an ending value over a period.
Used in: CAGR Calculator, Lumpsum Calculator
Compounding
Compounding is growth calculated on an amount that can include previously added interest or returns.
Used in: FD Calculator, Lumpsum Calculator
E
EMI
EMI, or equated monthly instalment, is a scheduled monthly loan payment containing principal and interest.
Used in: EMI Calculator
F
FOIR
FOIR, or Fixed Obligation to Income Ratio, is the share of net monthly income lenders assume can go toward all fixed monthly obligations, including a new loan EMI.
Used in: Home Loan Eligibility Calculator
G
Gratuity
Gratuity is a statutory employment benefit that may become payable when qualifying employment ends, commonly calculated from last-drawn eligible wages and completed service.
Used in: Gratuity Calculator
GST
GST, or Goods and Services Tax, is an indirect-tax framework; a GST calculation relates an exclusive taxable value, a tax amount, and an inclusive value at an entered rate.
Used in: GST Calculator
I
Inflation
Inflation is the rate at which the general price level rises over time, reducing what a fixed amount of money can buy.
Used in: Inflation Calculator, SIP Calculator
Interest Rate
An interest rate is the percentage used to calculate the cost of borrowing or the growth of eligible savings over a stated period.
Used in: EMI Calculator, FD Calculator
P
PPF
PPF, or Public Provident Fund, is a Central Government-regulated small-savings scheme with official deposit, interest, maturity, and extension rules.
Used in: PPF Calculator, FD Calculator, RD Calculator
Principal
Principal is the original amount borrowed or invested, before interest, returns, fees, or repayments are applied.
Used in: EMI Calculator, Lumpsum Calculator
R
Retirement Corpus
A retirement corpus is the total savings a person has built up by retirement, projected to be drawn down through regular withdrawals over the remaining retirement years.
Used in: Retirement Corpus Calculator, SWP Calculator
S
SIP
A SIP, or systematic investment plan, is a pattern of investing a chosen amount at regular intervals.
Used in: SIP Calculator
Step-up SIP
A Step-up SIP is a monthly investment plan whose contribution increases after each completed block of 12 contributions by a selected percentage or fixed amount.
Used in: Step-up SIP Calculator, SIP Calculator
SWP
An SWP, or Systematic Withdrawal Plan, is a pattern of withdrawing a fixed amount from an existing investment at regular intervals while the remaining balance stays invested.
Used in: SWP Calculator, SIP Calculator
T
Tenure
Tenure is the agreed or selected length of time for a loan, deposit, or investment calculation.
Used in: EMI Calculator, SIP Calculator