Explore our handy Jargon Buster to see the definition
A contract to buy or sell a fixed amount of currency, shares or commodities on a fixed date in the future at a fixed price.
An investment professional who takes decisions on what to buy and sell on behalf of a fund's investors on a day-to-day basis.
A general term for an investment vehicle which pools the money of investors and invests according to a defined set of investment objectives.
The popular name for the Financial Times Stock Exchange 100, the main UK share index. This represents the share prices of the top 100 public listed companies by value.
A pension product which allows you to vary the amount you pay each month and take breaks from your monthly payments.
A mortgage arrangement where you can vary the amount you pay each month and take breaks from your monthly payments.
A mortgage arrangement where the interest rate is fixed for an agreed period, usually for between two and ten years, and is unaffected by changes in the lender's variable rate. This means that, during the specified period, you will know exactly how much your monthly repayments will be. At the end of this period, interest on the mortgage will be charged at the lender's variable rate. Early repayment charges may apply on this type of arrangement.
Also known as ‘Defined Benefit’ Pension Scheme. This is the traditional form of company or ‘occupational’ pension where your income on retirement is calculated as a proportion of your salary during your last few years of work and dependant on how many years you have been a member of the scheme.