Glossary
Financial terms, in plain English
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Terms
86 terms · page 1 of 9
- Active InvestingActive investing involves trying to outperform the market by selecting investments that are expected to do be…
- AERAER stands for Annual Equivalent Rate. It shows how much interest a savings account would pay over a year, ta…
- Affordability CheckAn affordability check is how a lender assesses whether you can realistically afford a mortgage. They look at…
- Agreement in PrincipleAn Agreement in Principle is an indication from a lender of how much they may be willing to lend you. It's ba…
- APRAPR stands for Annual Percentage Rate. It shows the yearly cost of borrowing, including interest and certain…
- Asset AllocationAsset allocation is the way you divide your investments between different asset types, such as shares, bonds…
- Bear MarketA bear market is a period when investment prices fall significantly over an extended period and investor conf…
- BondA bond is a type of investment where you lend money to a government or company for a fixed period. In return…
- BudgetA budget is a plan for how you'll use your money over a set period, usually a week or month. It allows you to…
- Buildings InsuranceBuildings insurance helps cover the cost of repairing or rebuilding your home's structure if it's damaged by…
- Active InvestingActive investing involves trying to outperform the market by selecting investments that are expected to do better than average. D…
- AERAER stands for Annual Equivalent Rate. It shows how much interest a savings account would pay over a year, taking compounding int…
- Affordability CheckAn affordability check is how a lender assesses whether you can realistically afford a mortgage. They look at your income, spendi…
- Agreement in PrincipleAn Agreement in Principle is an indication from a lender of how much they may be willing to lend you. It's based on some initial…
- APRAPR stands for Annual Percentage Rate. It shows the yearly cost of borrowing, including interest and certain fees, making it easi…
- Asset AllocationAsset allocation is the way you divide your investments between different asset types, such as shares, bonds and cash. This mix h…
- Bear MarketA bear market is a period when investment prices fall significantly over an extended period and investor confidence is weak. Bear…
- BondA bond is a type of investment where you lend money to a government or company for a fixed period. In return, the issuer usually…
- BudgetA budget is a plan for how you'll use your money over a set period, usually a week or month. It allows you to plan your spending…
- Buildings InsuranceBuildings insurance helps cover the cost of repairing or rebuilding your home's structure if it's damaged by insured events such…
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