Managing My Money Glossary
Glossary of terms used in Managing My Money.
Monday, 6 May 2024, 4:41 AM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary
F
Face valueThe nominal value of a bond. The amount, excluding interest, the investor gets back on the maturity of the bond. |
Financial capabilityThe ability to understand finances and make sound financial decisions. |
Financial constraintInadequate resources that limit achievable goals. |
Financial intermediariesPersons and firms who arrange investments (and other products) on behalf of others, such as financial advisers and brokers. |
Flat rateDescribes an amount of pension where the value is not linked to a person's earnings. |
Funded schemePension scheme where an investment fund is built up from which to pay pensions and other benefits as they fall due. |