IFA Jargon Buster

The world of finance can be confusing. If you're unsure of some technical terms, explore our handy jargon buster to see the definition.

When making a claim on an insurance policy, the amount you agree to pay before your insurer will pay out anything.

The degree by which share prices in a particular market or sector go up or down over a specified period.

A form of indirect taxation levied on goods and services at the point of sale.

The interest rate that a lender charges on a loan or mortgage. This can go down as well as up, which means that your repayments can do the same.

Relating to mortgages, an independent check of a property by an approved surveyor to help a lender establish how much the property is worth and how much they are prepared to lend.