The Moneywise Financial Glossary

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If you buy an asset – shares, a second home, arts and antiques – and then sell it at a later date and make a profit, that profit could be...
People worried about interest rate rises on their monthly mortgage repayments can opt for a capped-rate mortgage, which has an agreed...
These reward you with a small percentage of cash back on your total spend on the card, either each month or annually. Cashback cards carry...
Rather than shopping online directly with a retailer, if you go to the retailer via a cashback website (you have to register as a member),...
CCJ
A County Court Judgement is a legally issued strike by a lender against a person who has failed to keep to the terms of a credit agreement...
CFD
A complicated financial instrument, Contracts for difference are a specific type of derivative. They were developed to allow the capital...
A property chain is a line of buyers and sellers (the “links”) who are all simultaneously involved in linked property transactions. When...
The Clearing House Automated Payment System processes and settles time-dependent payments through its two payment schemes: CHAPS Sterling...
Much like credit cards, charge cards allow you to pay for goods and services but with a charge card you must pay off your balance in full...
A scheme started in 2003 that sought to replace a raft of other tax credits and benefits, the payout depends on the number of dependant...