MOU: Memorandum of understanding, a non-binding agreement reflecting the intention of two parties to enter into a binding arrangement at a future date.

NASDAQ: US stock exchange, especially known for getting tech companies listed.

Option: a derivative contract binding parties to buy/sell underlying assets on fulfillment of certain conditions.

Penny Stocks: Stocks of companies with extremely low market cap in comparison to the rest of the market.

QIB: Qualified institutional buyer, a class of financial institutions identified under the securities law of India. They have a specific set of regulations governing them and are accorded certain privileges during fresh issuance of stocks/securities.

Return On Equity: Value obtained by dividing the net income of a company by the shareholder's equity.

S&P 500 Index: An index representing the price movement of the stocks of the 500 largest listed companies in India.

Turnover: Total revenue of a company in a financial year.

Unicorn: A startup whose value is north of 1 billion dollar.

VIX: an index that measures volatility in the market.

Withholding Tax: Tax deducted at source in accordance with applicable laws by a party paying/releasing money.

XML: a programming language used for databases.