Gratuity
A lump-sum benefit paid by an employer to an employee upon retirement or resignation, based on years of service. Relevant for FIRE planning as a retirement income component.
Related Terms
80C Deduction
Section 80C of the Income Tax Act allows deductions up to Rs 1.5 lakh per year for investments in EL...
Corpus
The total accumulated amount of money in an investment portfolio or fund. In FIRE planning, the targ...
FIRE
Financial Independence, Retire Early. A movement focused on aggressive saving and investing to achie...
Inflation
The rate at which the general level of prices for goods and services rises, eroding purchasing power...
Lump Sum
Investing a large amount of money at one time, as opposed to spreading it over regular intervals (SI...
NCD
Non-Convertible Debenture. A fixed-income debt instrument that cannot be converted into equity. Offe...