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Useful Commerce Abbreviations

This is a tabulation of 50 commerce abbreviations. This table is compiled keeping in mind the degree expected from Class 11 and 12 students, their area of interests and knowledge. The main motto here is to facilitate the comprehending of new subjects and subject matter, as well as to create interest among the students to learn effectively at their own pace with own understanding.

AbbreviationFull Form
ASSOCHAMAssociated Chambers of Commerce and Industry of India
VATValue Added Tax
UNCTADUnited Nations Conference on Trade and Development
TDSTax Deduction at Source
TINTax Information Network
TANTax Deduction and Collection Account Number
STTSecurities Transaction Tax
SDRSpecial Drawing Rights
RTPReverse Tranche Position
PANPermanent Account Number
OLTASOnline Tax Accounting System
NYSENew York Stock Exchange
NSDLNational Securities Depository Limited
NAVNet Asset Value
NASDAQNational Association of Securities Dealers Automated Quotation
IPOInitial Public Offering
IMFInternational Monetary Fund
GDRGlobal Depositary Receipt
GATTGeneral Agreement for Trade and Tariff
FPOFollow-on Public Offer
FIIForeign Institutional Investors
FICCIFederation of Indian Chambers of Commerce and Industry
FDIForeign Direct Investment
FCCBForeign Currency Convertible Bond
ECBExternal Commercial Borrowing
DICGCDeposit Insurance and Credit Guarantee Corporation of India
CPIConsumer Price Index
CIIConfederation of Indian Industries
BISBureau of Indian Standards
BSRBasic Statistical Return
ASBAApplication Supported by Blocked Amount
INC.Incorporated
GPGross Profit
FOCFree of Cost
DISCDiscount
CSRCorporate Social Responsibility
CPUCost Per Unit
CIFCost Insurance and Freight
C&FCost and Freight
ADRAmerican Depository Receipt
BEPBreak Even Point
CPACertified Public Accountant
COGSCost of Goods Sold
CCSCash Compensatory Scheme
FOBFreight on Board
IFCIIndustrial Finance Corporation of India
LLPLimited Liability Partnership
MRTPMonopoly and Restrictive Trade Practices
NOINet Operating Income
PSUPublic Sector Undertakings

The above mentioned is the concept, is elucidated in detail and the full forms of the abbreviations are furnished in the concept – ‘Useful Commerce Abbreviations’ for the Commerce students. To know more, stay tuned to Eduacademy.

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