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Managing my money
Managing my money

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Managing My Money Glossary

Glossary of terms used in Managing My Money.


Browse the glossary using this index

Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL

B

Bankruptcy

A process that happens when an individual cannot pay their debts, and all their property is distributed to the people to whom they own money.

Bond

A certificate of debt that is issued by a government or corporation in order to raise money.

Bridging loan

A temporary loan to extend further funds during the selling of one property, when the seller has already acquired another.

Broker

A 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.

Budget

A detailed plan of income and expenditure over a certain period of time - typically a year.