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demat
adjective[ before noun ]
uk /ˈdiːmæt/us
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
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