Managing My Money Glossary
Glossary of terms used in Managing My Money.
Saturday, 27 April 2024, 4:07 AM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary
R
Redistribution of incomeThe process of re-allocating income to achieve social objectives, usually the creation of a 'fairer society' through a more equal distribution. |
Registered civil partnerA same-sex partner treated in the same way for tax, benefit and most legal purposes as a husband or wife. Two people of the same sex can form a civil partnership by signing a registration document. |
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. |