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					Word(s) :   Bankers' Draft - a guaranteed payment arranged via a bank. Base Rate - Interest rate set by the Bank of England, used to determine borrowing and savings rates across the UK. Basic State Pension - The standard pension that people over the retirement age receive (subject to National Insurance contribution conditions). It is a fixed amount, not connected to earnings. BBA - British Bankers Association - the trade organisation of all the British banks. Bear Market - A market that is experiencing a consistent fall in share prices. Beneficiary - The person who is or will be the ultimate recipient of, for example, a legacy under a will or a trust fund. Benefits - The money payable to a claimant, assignee, or beneficiary under the terms of an insurance policy. Benefits in Kind - Benefits other than cash, provided to a person through their employment, for example, cars, or private medical insurance. Bequest - A sum of money or other property available upon the donor's death. Bid-Offer Spread - The difference between buying (offer) price and selling (bid) price of a share. Bid Price - The price at which you can sell shares or units back to a company or investment manager. BGC - Bank Giro Credit - a one-off payment to an organisation or individual. Blue Chip Stocks - shares in a large company that is listed on the FTSE 100. Booking Fee - administrative fee charged by a lender on receiving an application. Bond - Issued by companies to raise finance. Bonds pay interest to their holders, rather than dividends. Bond Fee - A type of unit trust investing in bonds, rather than shares, and paying investors an income. Bonus Account - A savings account that pays a bonus if you keep your money invested for a set period. Breakdown Cover - If your car breaks down, this type of cover provides a mechanic to fix it at the roadside or arranges for you to be towed to a garage if the problem's more serious. Bridging Loan - If a house purchase involves the sale of one property and the purchase of another it's normally best if the two deals happen at exactly the same time. If this is not possible and the purchase of the second property happens before the sale of the first is completed then another loan may be needed. This additional loan is a called a 'bridging loan' and bridges the gap between the two house transactions. Broker - An agent who brings two parties together, enabling them to enter into a contract to which he is not a principal. Budget Card - A store card with which you pay a monthly amount into you account and get a credit limit usually 24 times that amount. Buffer Zone - A charge-free and sometimes interest-free overdraft on an account. Building Society - A financial institution owned by its members (rather than by shareholders) which pays interest on deposits and lends money on the security of property to enable members to buy their own homes. Buildings Insurance - cover taken out to cover costs of rebuilding or making structural repairs to your property. Buildings And Contents Insurance -A combined insurance policy which covers both the cost of rebuilding or repairing the structure of the property and also includes cover for damage/loss to the property contents. Bull Market - A market that is experiencing a consistent rise in share prices. Buy To Let - type of mortgage taken out to buy a property that will be rented out to tenants.