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Definitions (38)
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trust
A trust is a legal way of indirectly giving something you own to somebody else. Trusts provide tax and other advantages to individuals and companies. A trust is a legal contract which you (the settlor [..]
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surrender value
The actual cash value of an endowment policy if it was cancelled or ‘surrendered’ before it was due to finish or mature. Survey
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term
The length of time a loan or investment has been set up for, usually given in months or years. Total amount repayable (TAR)
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student loan
This can relate to several types of financial assistance available to students to help support themselves while they are studying, to assist with living and accommodation expenses and course fees and [..]
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sub-prime lender
Sub-prime lenders specialise in offering loans or credit to people with poor credit ratings. Summary Box
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stakeholder account
A stakeholder account is part of a scheme introduced by the UK Government to simplify savings products. Savings products that fall into the scheme are simple to understand, charges are explained upfro [..]
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remortgage
A term used to describe the process of taking out a new mortgage on a property even though the property is not being sold. Remortgaging is usually done to obtain lower monthly payments from another le [..]
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pension
This is a long term financial arrangement where regular contributions are made into an investment scheme to accumulate a pension fund that eventually provides a regular income on retirement. Power of [..]
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principle
A term used to describe an amount of money, either an amount borrowed from a lender or a lump sum invested by an investor. Probate
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