Loans Definition Glossary
Welcome to our loans glossary. Here you will find definitions for all types of loans products and jargon related to loans and the finance industry. Should you find any other finance term that confuses you and is not in this glossary (or that didn't explain itr well enough) then please get in touch on our contact page, and we will send you the definition by email and include it on the website afterwards.
A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z
- ABI
- Acceptance Letter
- Access To Medical Records Act 1988
- Accidental Death and Dismemberment
- Accidental Death Benefit
- Actively at Work
- Activities of Daily Living
- Act of God
- Actuary
- ADD
- Additional Borrowing
- Additional Voluntary Contributions
- Adjustable Rate Mortgage (ARM)
- Adjuster
- Adjustment Interval
- ADLs
- Advance Underwriting
- Advice
- AER
- AFPC
- Age Allowance
- Agent
- Allocation Rate
- All Risks
- Alpha
- Alternative Dispute Resolution
- Amortisation
- Amortised Loan
- Amount
- AMRA
- Analyst
- Annual Management Fee
- Annual Percentage Rate (APR)
- Annual Report
- Annual Volatility
- Annuitant
- Annuity
- Annuity Certain
- Appraisal
- Approved Scheme
- APR
- Arbitrage
- Arbitration
- Assets
- Assignment
- Association of British Insurers
- AUTIF
- Average
- Average Annual Return
- Aviation Hazard
- Balloon Mortgage
- Bancassurer
- Bank
- Bankers' Draft
- Bank Giro Credit (BGC)
- Base Rate
- Basic State Pension
- Bed Breakfasting
- Beneficiary
- Benefit Basis
- Benefits
- Benefits In Kind
- Bequest
- Bid Offer
- Bid-Offer Spread
- Bid Price
- Bi-Weekly Payments
- Bonds
- Bonus
- Bridging Loan
- Building Campaign
- Building Society
- Bulk Transfer
- Buy Back
- Buy Out
- Buy-to-Let
- Cancellation Clause
- Capacity
- Capital
- Capital and Interest Mortgage
- Capital Campaign
- Capital Claims
- Capital Gains Tax
- Capital Grant
- Capitalised Value
- Capped Rate
- Caps
- Carpet-Bagger
- Cashback
- Cashflow
- Cash Surrender Value
- CAT Standards
- Caveats
- Cede
- CGT
- Challenge Grant
- CHAPS
- Charges
- CII
- Claim
- Claims Experience
- Claims Reserve
- Class 1 Contributions
- Class 2 Contributions
- Class 3 Contributions
- Clawback
- Clearing House Automatic Payment System
- Closing
- Closing Costs
- Co-Insurance
- Collective Investment
- Commercial Lines
- Commission
- Committed Funds
- Community Funds
- Commutation
- Commutation Factors
- Company Representative
- Compound Interest
- Compulsory Purchase
- Compulsory Purchase Annuity
- Conditions
- Confirmation
- Consequential Loss
- Continuation Option
- Continuing Professional Development
- Contract
- Contracted In
- Contracted Out
- Contributions Committee
- Convertible Term Insurance
- Conveyancing
- Cooling Off Period
- Corporate Bond
- Corporate Contributions
- Corporate Foundation
- Corporate Giving Programme
- Corporation Tax
- Cost Adjusting Factor
- Cover Note
- CPD
- Credit Card
- Credit Rating
- Credit Report
- Critical Illness Policy
- Custom Excise
- Death Benefit
- Debit Card
- Debt to Income Ratio
- Declination
- Declining Grant
- Decreasing Term Insurance
- Deeds Fee
- Default
- Deferred Annuity
- Deferred Period
- Defined Benefit Pension Scheme
- Deflation
- Demonstration Grant
- De-Mutualisation
- Dependant
- Deposit Account
- Deposit Premium
- Depreciation
- Derivatives
- Direct Debit
- Disability
- Disclosure
- Discounted Rate
- Discretionary Entrant
- Discretionary Funds
- Dismemberment
- Distribution
- Dividend
- Donee
- Donor
- Double Indemnity
- Down Payment
- Dread Disease Policy
- Earned Premium
- Earnings Cap
- Earnings Per Share
- Effective Date
- Eligibility Date
- Eligibility Period
- Eligibility Requirements
- Eligible Employees
- Employee Benefits
- Employee Declaration
- Endorsement
- Endowment
- Endowment Mortgage
- EPP
- Equities
- Equity
- Equity Release
- Escalation
- Escrow
- Estate
- Ethical Investments
- Euro
- Excess
- Exchange of Contracts
- Exclusions
- Execution Only
- Executive Pension Plan
- Exempt Approved Scheme
- Ex Gratia Payment
- Expense Ratio
- Experience Rating
- Express Money Transfer
- Facultative Reinsurance
- Family Foundation
- Family Income Policy
- Federated Fund Drive
- Final Salary Scheme
- Finance
- Finance Company
- Financial
- Financially
- Financial Planning Certificate
- Financial Services Authority
- Financial Year
- Financier
- Fiscal Policy
- Fixed Rate
- Fixed Rate Mortgage
- Flexible Benefits
- Flexible Mortgage
- Flow-Through Funds
- Footsie
- Foreclosure
- Foreign Draft
- Foundation
- Free Cover Level
- Freehold
- Free Standing Additional Voluntary Contributions
- Friendly Society
- FSA
- FSAVC
- FT-SE
- Fund
- Fundamentals
- Fund Manager
- Futures
- Gilts
- GIV
- GMP
- GPP
- Grace Period
- Granny Bond
- Grant
- Grantee
- Grantor
- Gross
- Gross Premium
- Group Contract
- Group Critical Illness Scheme
- Group Health Insurance
- Group Income Protection
- Group Life Insurance
- Group Permanent Health Insurance
- Group Personal Pension
- Guaranteed Growth Bonds
- Guaranteed Income Bond
- Guaranteed Minimum Pension
- Guarantee Period
- Health Insurance
- Hedging
- Higher Rate Tax
- Hire Purchase (HP)
- Home Income Plan
- Home Service Insurance
- IFA
- IHT
- Illustration
- Immediate Annuity
- IMRO
- Income
- Income Draw-Down
- Income Policy
- Income Protection Insurance
- Income Tax
- Indemnity
- Independent Financial Adviser
- Independent Foundation
- Index
- Indexation
- Index Linked
- Index Tracking
- Individual Savings Account
- Industrial Insurance
- Inflation
- In Force Business
- Inheritance Tax
- In-Kind Contribution
- Inland Revenue
- Inland Revenue Limits
- Instant Access
- Insurable Interest
- Insurance
- Insurance Premium Tax
- Insured
- Insurer
- Interest
- Interest Only Method
- Interest Rate
- Intermediary
- Internal Revenue Code
- Internal Revenue Service
- Intestate
- Investment Income
- Investment Management Regulatory Organisation (IMRO)
- Investment Trust
- IOB
- Irrevocable Trust
- ISA
- Joint Funding
- Joint Life Annuity
- Key Person Insurance
- Knock for Knock
- Land Registration
- LAPR
- Lapse
- Lapsed Policy
- Late Entrant
- Lease
- Leaseback (Renting Back)
- Leasehold
- Leasehold Land
- Leasing
- Legal Charge
- Level Premium
- Level Term Insurance
- Life Annuity
- Life Assurance Premium Relief
- Life Insurance
- Limited Price Indexation
- Line of Credit
- Lloyds
- Loading
- Loan
- Loan Origination Fee
- Loan-to-Value Ratio
- Long Term Care Insurance
- Long Term Disability Insurance
- Loss Adjuster
- Loss Assessor
- Low Cost Endowment
- Lower Earnings Limit
- LTV
- Lump Sum
- Managed Fund
- Market Capitalisation
- Matching Gifts Programme
- Matching Grant
- Maturity Date
- Maturity Value
- MER
- MIB
- Micropal Star Ratings
- MIRAS
- Monetary Policy
- Money Purchase Scheme
- Morbidity
- Morbidity Table
- Mortality Table
- Mortgage
- Mortgage Deed
- Mortgage Indemnity Premium (MIP)
- Motor Insurers' Bureau
- Mutual
- National Insurance
- National Insurance Contributions
- National Savings
- Net
- Net Income
- Net Relevant Earnings
- Net Worth
- New For Old
- No Extended Tie In
- Non-Cancellable
- Non-Contributory
- Non Profit
- Normal Retirement Age
- Normal Retirement Date
- Occupational Disease
- Occupational Pension Scheme
- Occupational Split
- OEIC
- Offer Price
- Offshore Funds
- Ombudsman
- Open-Ended Investment Company
- Operating Support
- Opinion Status Enquiry
- Opting Out
- Options
- Overdraft
- Paid Up Insurance
- Paid Up Scheme
- Partial Disability
- PAYE
- Payment Holiday
- Payout Requirement
- PE
- Pension
- Pensionable Earnings
- Pensionable Service
- Pension Scheme
- Pension Schemes Office
- PEP
- Per Capita
- Permanent Health Insurance
- Permanent Total Disability
- Per Mille
- Persistency
- Personal Equity Plan
- Personal Investment Authority
- Personal Lines
- Personal Loan
- Personal Pension Plan
- Philanthropic Advisor
- PIA
- PITI
- PLC
- PMAR
- PMI
- Points
- Polarisation
- Policy
- Policyholder
- Policy Reserves
- Policy Term
- Pooled Investment Fund
- Portability
- Pound Cost Averaging
- Pre-Existing Condition
- Premium
- Pre-Tax Net Income
- Principal
- Private Foundation
- Private Medical Attendants Report
- Private Medical Insurance
- Private Mortgage Insurance
- Private Operating Foundation
- Probate
- Processed Date
- Professional Indemnity Insurance
- Promissory Note
- Pro Rata Premium
- PSO
- Public Charity
- Public Company
- Public Foundation
- Purchased Life Annuity
- Qualifying Policy
- Qualifying Service
- Quartile
- Quotation
- Rate
- Rated
- Rate Review
- Received Date
- Redemption
- Redemption Amounts
- Redemption Penalties
- Redemption Yield
- Redundancy Protection Insurance
- Reinsurance
- Remortgage
- Renewable Term Insurance
- Renewal
- Repayment (Capital & Interest) Method
- Repayment Mortgage
- Repayment Plan
- Repossession
- Rescission
- Reserve
- Restricted Funds
- Retention
- Retrocession
- Reversionary Bonus
- Rider
- Rights Issue
- Running Yield
- Salary Definition
- Sealing Fee
- Second Mortgage
- Secured Loan
- Securities
- Securities & Futures Association (SFA)
- Securities and Investments Board
- Seed Money
- Segmentation
- Self Administered Scheme
- Self Insured Scheme
- Self Regulating Organisation
- Self-Select PEP
- SERPS
- Service Fees or Service Charges
- Shares
- SIB
- Sickness and Accident
- Simplified Administration
- Single Company PEP
- Single Premium Costed
- Single Premium Policy
- Small Caps
- SOFA
- Special Presentations
- SRO
- SSAS
- Stakeholder Pension
- Stamp Duty
- Standard Variable Rate
- Standing Order
- State Earnings Related Pension Scheme
- State Pension
- Stock Exchange
- Stop-Loss Insurance
- Substandard Risk
- Successor Election
- Surrender
- Surrender Value
- Switch Card
- Switching
- Tax Credit
- Tax Exempt Organisation
- Temporary Absence
- Term
- Terminal Bonus
- Term Insurance
- TESSA
- Testate
- The Fed
- Third Party
- Title
- Title Deed
- Title Insurance
- Total Borrowing
- Total Debt Service Ratio
- Total Disability
- Total Return
- Transfer Value
- Trust
- Trust Deed
- Trustee
- Unapproved Scheme
- Underwriter
- Underwriting
- Underwriting Bar
- Underwriting Decision
- Unearned Premium
- Unit Linked Endowment
- Unit Rated
- Unit Trust
- Unrestricted Funds
- Upper Earnings Limit
- Utmost Good Faith
- Valuation
- Value Added Tax (VAT)
- Variable Interest Rate Loan
- Variable Rate
- VISA Card
- Volatility
- Voluntary Scheme
- Waiver
- Waiver Of Premium
- Warrant
- Whole of Life Insurance
- Will
- Without Profits
- With Profits
- With Profits Endowment
- Written Premiums
- XD