The Moneywise Financial Glossary

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The theft of personal information such as name, address, phone numbers, bank and credit card account numbers, driving licence or national...
IFA
A financial adviser who is not tied to any financial services company (such as a bank or insurance company) and is authorised by the...
An alternative to an annuity, income drawdown (also known as an unsecured pension) allows you to take income from your pension fund while...
If you can’t work in the event of sickness or illness, income protection insurance aims to give you an income, with the amount of income...
This applies to an investment, such as certain types of gilts or National Savings & Investment (NS&I) certificates and pension...
An increase in the general level of prices that persists over a period of time. The inflation rate is a measure of the average change over...
The tax levied on the total value of your estate after you die. IHT has to be paid by the beneficiaries of your estate before they can...
Generally speaking, insolvency is to businesses what bankruptcy is to individuals. A company is insolvent if the value of its assets is...
A loan in which the borrower pays only the interest on the sum borrowed for the life of the mortgage but, at the end of the mortgage term,...
If you die without making a will, your estate will be divided up and distributed according to a set of complicated procedures laid down by...