The Moneywise Financial Glossary
Designed to cover any shortfall from the proceeds of a comprehensive motor policy should a vehicle, purchased on finance, be written off...
From the Yiddish gezumph, meaning to cheat or overcharge, it describes the practice of a seller accepting an offer from one potential buyer...
As gazumping hits buyers, gazundering hits sellers, and is the practice of a buyer demanding the seller to reduce the property’s price to...
The total money value of all the finished goods and services produced in an economy in one year. It includes all consumer and government...
Investors who borrow money they use for investment and use the securities they buy as collateral for the loan are said to be “gearing up”...
The familiar name given to securities issued by the British government and issued to raise money to bridge the gap between what the...
Set up to offer people discounts on a wide range of goods and services with the size of the discount dependent on the number of people who...
GIBs are offered by life companies, pledging a fixed guaranteed income over a specified time period (between one and five years) and a...
These are mortgages to help first-time buyers get on the housing ladder whereby parents or relations stand as security for the loan by...
