Item Count : 8
Page : 1 of 1
Back to A-Z
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Fee |
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A sum of money you pay, for example, to have a loan or credit arranged for you.
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Finance Company |
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A company which makes money by lending to people who want to buy goods on credit. Most shops use finance companies for their credit deals.
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Financial Advisor |
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An individual or firm that can assess your financial needs, recommend suitable products, and arrange for you to buy or invest in these products. Some advisers can also manage investments for you. Where advice concerns ´packaged products´ (such as unit trusts, open-ended investment companies, investment trust savings schemes, investment-type life insurance and pensions), an adviser must normally be either:
• tied to a single product provider; or
• independent and able to recommend any product on the market.
An adviser must be authorised by the Financial Services Authority (FSA).
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Financial Records |
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These will include statements, bills, receipts etc.
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Financial Situation |
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Your financial situation refers to how much money you receive in wages and/or benefits and how much money you have saved up. It also includes how much money you owe and any financial arrangements you have made for the future, such as a pension. Sometimes people will also ask you about your regular outgoings, such as the amount you pay in rent.
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Fixed Interest rate |
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Interest rates can go up and down. A fixed interest rate account means that you are guaranteed that the interest you get will stay the same.
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Free Buffer Zone |
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Some bank or building society accounts have a buffer zone (a free temporary overdraft) so you can take this money out. You will not be charged for being very slightly overdrawn on this basis.
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Free from Income and Capital Gains Taxes |
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Saving in these accounts means that you will not pay tax on the interest your money earns.
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