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English definition of “demat”

demat

adjective [before noun]
 
 
/ˈdiːmæt/
STOCK MARKET, FINANCE used to describe shares, etc. that are dematerialized (= bought, sold, and stored electronically), rather than being sold, etc. in the form of certificates (= paper documents): Lower interest is charged for loans taken against demat shares as compared to loans against physical shares. a demat account
(Definition of demat from the Cambridge Business English Dictionary © Cambridge University Press)
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