CeFS Unit 2 Key Terms

AER

Affinity savings account

Affordability

Annual exempt amount

Annuity

APR

Arrears

Aspirations

Assets

Attitudes

Audit

Balance

Bank Rate

Bankruptcy

Beliefs

Beneficiary

Benefit

Brand

Broker

Budget

Budget deficit

Budget surplus

Buy-to-let mortgage

Capital

Capital gains tax

Capital growth

Capital sum

Cash flow analysis

Cash flow forecast

Cash ISA (individual savings account)

Children’s Bond

Child Trust Fund (CTF)

Citizens Advice

Civil partnership

Collective investments

Commodity

Competitive demand

Consolidation loan

Consumer credit

Consumer durable

Corporate bond

Corporate social responsibility (CSR)

Corporation tax

Credit history

Credit rating

Credit reference agency

Credit report

Credit union

Creditworthiness

Critical illness insurance

Culture

Culture (organisation)

Debt management plan

Default

Dependant

Deposit

Depreciate

Discount mortgage

Discretionary expenditure

Distribution channel

Diversification

Dividend

Downsize

Earnings threshold

Economic sustainability

Electoral roll

Endowment policy

Environmental sustainability

Equity

Essential expenditure

Estate

Ethical investing

Ethical investment

Ethical Investment Association (EIA)

Ethics

Equity

Equity withdrawal

Exchange rate

Feedback effect

Final salary scheme

Financial Conduct Authority (FCA)

Financial footprint

Financial Ombudsman
Service (FOS)

Financial personality

Financial Services
Compensation
Scheme (FSCS)

Financial planning

Fixed interest

Fixed-rate mortgage

Flexibility

Friendly society

FTSE 100

Gilt

Government bond

Hedge fund

Hire purchase

HMRC

Ijara mortgage

Impact of risk

Income