Your finances

Financial jargon buster

Money and finance have a language of their own. It will be easier to find your way around if you know the terms.

Financial jargon buster

Financial terms can be confusing for all of us. To try and make money matters less confusing, we've put money jargon into plain English, so we all know what it means. Select from our A-Z to find the term you're looking for.

A

Acute condition

Annuity

Attorney

B

Basic State Pension

Beneficiary

Benefit statement

C

Capital gains tax

Child Trust Fund

Chronic condition

Confirmation

Continuing power of attorney

Contributory benefit

Credit reference agency

Credit score

Creditor

D

Debt

Debtor

Disposable income

E

Employment and Support Allowance

Enduring power of attorney

Estate

Excess

Exclusion

Executor

F

Financial Conduct Authority (FCA)

G

Generic (general) advice

Gross pay

H

Holding letter

I

Incapacity Benefit

Income tax

Independent financial adviser (IFA)

Individual savings account (ISA)

Inheritance tax

Instant access account

Investment-type life insurance

J

Junior ISA

L

Life insurance

Lifetime annuity

M

Means-tested benefit

Mental capacity

N

National insurance

Net pay

Non-urgent debt

O

Occupational (company) pension

Ordinary power of attorney

P

PAYE

Payment protection insurance

Personal Independence Payment

Personal pension

Power of attorney

Pre-existing medical condition

Premium

Priority debt

Pro rata payment

Probate

Property and affairs lasting power of attorney

S

Secured loan

Self-assessment

Share-based investment

Shortfall

State Pension

Surrender charge

T

Tax rebate

Tax return

Tax year

Trust

U

Universal credit

Unsecured loans

W

Waiting period

Waiver of premium benefit

Will