Managing My Money Glossary
Glossary of terms used in Managing My Money.
Friday, 12 June 2026, 9:39 AM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary
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National Insurance contributionsContributions from both employees and employers, which form the basis for paying state benefits related to unemployment, sick pay and pensions. |
Net incomeIncome after deductions such as Income Tax and National Insurance. |
Nominal valueThe face value of a bond. The amount, excluding interest, the investor gets back on the maturity of the bond. |