Managing My Money Glossary
Glossary of terms used in Managing My Money.
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Redistribution of income
The process of re-allocating income to achieve social objectives, usually the creation of a 'fairer society' through a more equal distribution.
Registered civil partner
A 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.
A 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.
Preferring a lower but more certain financial return rather than a higher but less certain return.