Skip to content
Skip to main content

About this free course

Become an OU student

Download this course

Share this free course

Managing my money
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.

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


Face value

The nominal value of a bond. The amount, excluding interest, the investor gets back on the maturity of the bond.

Financial capability

The ability to understand finances and make sound financial decisions.

Financial constraint

Inadequate resources that limit achievable goals.

Financial intermediaries

Persons and firms who arrange investments (and other products) on behalf of others, such as financial advisers and brokers.

Flat rate

Describes an amount of pension where the value is not linked to a person's earnings.

Funded scheme

Pension scheme where an investment fund is built up from which to pay pensions and other benefits as they fall due.