Managing My Money Glossary
Glossary of terms used in Managing My Money.
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The ostentatious display of wealth in order to gain recognition by others of an increase in one's status.
A society in which people place a high value on possessions and are continually encouraged to purchase more.
Current asset ratio
Total liquid assets divided by total short-term liabilities.
A recurring pattern of a variable over time showing peaks and low points at regular intervals.
Describes a pension scheme where the pension is worked out according to a formula, usually linked to pay and length of time in the scheme.
Defined contribution scheme/Money purchase scheme
Describes a pension scheme where the pension depends on the amount paid in, how the invested money grows, and the amount of pension that can be purchased from an insurance company at retirement.
The part of a company's post-tax profits distributed to shareholders, usually expressed as an amount per share.
European Economic Area (EEA)
A free trade area consisting of the European Union (EU) members, plus Iceland, Norway and Liechtenstein.
The nominal value of a bond. The amount, excluding interest, the investor gets back on the maturity of the bond.
The ability to understand finances and make sound financial decisions.