Debt Jargon Buster

There are so many technical and legal terms, and abbreviations associated with debt and finance. To help, here’s our jargon buster to help.

Over the coming days we'll be adding more and more content to make debt less complicated. If you have any terms you would like to add or even contributions to the definitions, contact us.

Talk About Debt Jargon Buster

A
Administration Order
AER (Annual Equivalent Rate)
APR (Annual Percentage Rate)
Arrears
Arrestment
Attachment

B
Bailiff
Balance Transfer
Bankruptcy
Bankruptcy Petition
Bankruptcy Restriction Order
Beneficiary
Binding
Budgeting

C
Capped Interest
CCCS
CCJ (County Court Judgement)
Compound Interest
Consolidation Loan
CRA’s (Credit Reference Agencies)
Credit
Creditors
Creditors Meeting
Credit Card
Credit Limit
Currency

D
DAS Administrator
Debit Card
Debt Consolidation Loan
Debt Counsellor
Debt Equity Swap
Debt Management Plan
Deduction
Default Notice
Demand

E
Earnings
Earnings Arrestment
Endownment
Equity

F
Fee
Frozen Account

G
Gross Income
Guarantee

I
IFA’s (Independent Financial Advisors)
Income
Income Tax
Inflation
Inland Revenue
Insolvency
Insolvency Practitioner
Interest
Interest Only Mortgage
Interim Order
IVA (Individual Voluntary Arrangement)

J
Joint Liability

L
Late Charge
Lender
Liability
Liquid Assets
Loan Sharking

M
Mortgage
Mortgage Protection

N
National Insurance
Negative Equity
Net / After Deductions
Nominee

O
Overdraft

P
Pension
PAYE (Pay As You Earn)
Personal Allowance
Power of Attorney

R
Repayment Mortgage
Receiver
Re-mortgage
RPI (Retail Price Index)
Repossession

S
Secure Loan
Sequestation
Standing Order

U
Unsecured Loan

W
Walking Possession