Managing My Money Glossary
Glossary of terms used in Managing My Money.
Browse the glossary using this index
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Redistribution of incomeThe process of re-allocating income to achieve social objectives, usually the creation of a 'fairer society' through a more equal distribution. | |
Repayment mortgageA mortgage where the periodic repayments made to the lender are the sum of the interest due and an amount of the original capital (or 'principal') sum borrowed. | |
Risk-aversionPreferring a lower but more certain financial return rather than a higher but less certain return. | |