Managing My Money Glossary
Glossary of terms used in Managing My Money.
Browse the glossary using this index
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S |
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Self-insuranceThe process of establishing a fund to cover the costs of any potential financial loss. | |
Symbolic consumptionConsuming products or lifestyles for social meanings attached to those products or lifestyles for others to see. | |
T |
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Tenants-in-commonTwo or more people who own a property together. Each has a distinct share. | |
TermThe period of time over which a debt is to be repaid. | |
Trade-offA sacrifice of something in order to have something else. | |
U |
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Unit trustsCollective funds that allow private investors to pool their money in a single fund. | |
W |
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Working lifeAn official definition meaning the tax years from age 16 to pension age. For example, a person whose state pension age is 68 will have a working life of 52 years. | |