Managing My Money Glossary
Glossary of terms used in Managing My Money.
Monday, 20 April 2026, 5:32 PM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary
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BankruptcyA process that happens when an individual cannot pay their debts, and all their property is distributed to the people to whom they own money. |
BondA certificate of debt that is issued by a government or corporation in order to raise money. |
Bridging loanA temporary loan to extend further funds during the selling of one property, when the seller has already acquired another. |
BrokerA broker is a person or firm that helps to arrange the sale of products from one party (the product provider) to another (the product buyer). The broker will normally charge a fee to the buyer of the product for this service. |
BudgetA detailed plan of income and expenditure over a certain period of time - typically a year. |