RESIDUAL Definition

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RESIDUAL, generally, is something left after other parts have been taken away.

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STATUTORY LIQUIDITY RATIO (SLR) is a ratio which every banking company shall maintain in the form of cash, gold or unencumbered approved securities, an amount which shall not, at the close of business on any day be less than such percentage of the total of its demand and time liabilities as the Reserve Bank may specify from time to time.

SECURITY STOCK see SAFETY STOCK.

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