The Moneywise Financial Glossary
Bought as an option on an insurance policy, a waiver of premium guarantees to pay the policy’s premiums if you are unable to, whether...
A stockmarket security (a form of derivative) issued by companies on their own ordinary shares to raise capital. A warrant has a quoted...
A life assurance policy that provides death protection for the insured’s entire lifetime but with an investment element. The insurance...
An unexpected one-off financial gain in cash or shares, generally when mutual building societies convert to stock market-quoted banks. Also...
Lump-sum investments that usually have no set term or fixed maturity date. The consumer’s money is invested in the provider’s “with-profits...
With-profits funds are administered by life assurance companies and access to them is through the life company’s products such as bonds,...
