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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.

Thursday, 28 March 2024, 6:30 PM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary
F

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.