My OpenLearn Profile

Personalise your OpenLearn profile, save your favourite content and get recognition for your learning

Create account / Sign in

Course content Course content

Managing my money

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

More free courses

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

D

Defined benefit

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.

Dividends

The part of a company's post-tax profits distributed to shareholders, usually expressed as an amount per share.

Take your learning further

Making the decision to study can be a big step, which is why you’ll want a trusted University. We’ve pioneered distance learning for over 50 years, bringing university to you wherever you are so you can fit study around your life. Take a look at all Open University courses.

If you’re new to university-level study, read our guide on Where to take your learning next, or find out more about the types of qualifications we offer including entry level Access modules, Certificates, and Short Courses.

Want to achieve your ambition? Study with us and you’ll be joining over 2 million students who’ve achieved their career and personal goals with The Open University.

Browse all Open University courses

My OpenLearn Profile

About this free course

Become an OU student

Download this course

Share this free course