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Definitions (285)
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establishment fee
A one-off fee which may apply to set up a personal or other loan.
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co-contribution
A payment made by the government to the super fund of a low or middle income earner to reward them for making personal contributions to super. If you earn less than $34,488, the Australian Government [..]
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tax-driven scheme
A scheme that attracts investment mostly for the tax benefits it offers, such as an agricultural or film scheme. An investment is said to be ‘tax-effective’ if investors pay less tax on it than they w [..]
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encumbered
An asset, such as a house or motor vehicle, which is owned by one entity but where someone else has a valid claim over it. For example, if your home is mortgaged, you own the asset but your lender has [..]
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yield
The rate of return on an investment.
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wrap account
Allows managed investments to be combined or ‘wrapped’ into a single account. Generally used by financial planners for convenience. See also investment platform and master trust.
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xero
An accounting software used by accountants with an online tool for clients
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will
A legal document that sets out how you want your assets and other belongings to be distributed when you die.
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warrant
A financial product issued by a bank or other financial institution which gives you the right to buy shares (or currency, an index or a commodity) at a set price within a specified time and traded on [..]
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variable interest rate
Where consumers receive interest on an investment or pay interest on a loan at a rate that may go up or down during the term. Opposite of fixed interest rate.
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