Annual earnings rate on an investment.

A life insurance product which pays income over the course of a set period. Deferred annuities allow assets to grow before the income is received and immediate annuities (usually taken from a year aft [..]

The annual percentage rate of interest, usually on a loan or mortgage, usually displayed in brackets and representing the true cost of the loan or mortgage as it shows any additional payments beyond t [..]

This is a statement from the bank giving details of transactions in the relevant account. It can be requested at any intervals required, usually monthly.

A bear is somebody who believes that the market is falling and a bear market is a falling market. See bull market for the opposite.

when the bank has not enough funds in the relevant account or the account holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the accou [..]

These are securities which pay interest at specified intervals and the principle amount of the loan is paid at maturity.

A bull is somebody who believes that the market is rising and a bull market is a rising market. See bear market for the opposite.

This is when the mortgage provider lends the money for the mortgage and, in addition, a lump sum to pay for, for example, building work to be carried out.

This is the time that it takes for the monies from a cheque to be taken out of the payee’s account and put into the payer’s account. This is three working days in England and Wales, as long as the che [..]