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					Word(s) :   Cancellation Clause - A provision in an insurance contract that permits the insurer or the insured to cancel a policy at any time before its expiration date. Capital - When investing, this is your original investment. When borrowing, this is the amount of debt, excluding interest. Capital And Interest Mortgage - see repayment mortgage. Capital Gains Tax - CGT - A tax on the increase in the value of an asset, such as a share, since you bought it. Capital Share - A share in an investment trust for investors who want to see their capital grow. Capped Rate Mortgage - a variable rate mortgage where interest rates can fluctuate but can never go higher than the maximum (capped) rate. Cashback - an amount paid back to you when you take out a loan or mortgage, either a fixed sum or a percentage of the total amount. Cash ISA - An account that allows you to earn interest tax free on cash savings. Cash Plan - Pays out cash if you have to spend time in hospital. May also pay towards other medical treatment. Cash sum at retirement - The giving up of a portion of retirement income benefits in return for receipt of a tax-free cash lump sum at retirement. Cash Surrender Value - The amount of money received when a policyholder surrenders a life insurance policy with cash value. CAT - Short for Charges, Access and Terms, CAT refers to a voluntary standard set by the government for ISAs. CAT standard - A voluntary standard set by the government, covering Charges, Access and Terms for ISAs. Caveats -Conditions attached to an insurance quotation or agreement when opening an account. CCA - Consumer Credit Act - UK legislation which sets the rules for the way in which banks and other lenders lend money to members of the public. CCJ - County Court Judgment - a court order taken out against a borrower who has defaulted on credit repayments. Certified Share - A share for which you receive a share certificate and which gives you the right to vote at annual general meetings. CHAPS Payment - Clearing House Automatic Payment System - an electronic transfer of money between two bank accounts that will clear the payee's account on the same working day provided instructions are received before 3.15 pm. Claim - An application for compensation. CML - Council of Mortgage Lenders - a trade organisation made up of most of the major banks and building societies. Collective Investments - The money of many investors collected together by an investment manager and invested in the stock market. Commission - An amount paid by a financial institution to an intermediary for the placing of business. Commutation - See "Cash Sum at Retirement" (more). Company Pension - A pension scheme established by an employer for the provision of retirement benefits and /or other benefits for one or more employees (more). Company Representative - A financial adviser who can only advise on their own company's products. Completion - when the sale of a property has been finalised and ownership of the house is transferred to the buyer. Compound Interest - This is interest earned on interest and can make a big difference to the value of long-term savings. Comprehensive Insurance - This is a form of car insurance and includes cover against third party claims, fire, theft and any accidental damage to your own car (more). Conclusion of missives - (term used in Scotland), see exchange of contracts. Conditions - Provisions in an insurance contract that state the rights and duties of the insured and of the insurer. Consequential loss - A financial loss occurring as the result of some other loss. Consolidation loan - A loan taken out to pay off all your debts. Contents insurance - covers the value of your possessions in the event of damage or theft. Contract - legal agreement between the buyer and vendor of a property. Contribution limits - Restrictions that limit the maximum amount that can be paid into Occupational Pension Schemes, Personal Pension Plans and Retirement Annuity Contracts. Consumer credit act - UK legislation which sets the rules for the way in which banks and other lenders lend money to members of the public. Conveyancing - The legal work, usually carried out by a solicitor, associated with buying or selling a property. Cooling off period - A period allowed in certain circumstances when a person who has entered into a contract (for example, an insurance policy or a personal loan) may cancel it without incurring any penalty. Corporation tax - A tax payable by companies on their profits. Cover - Protection provided by an insurance policy. Cover note - A temporary certificate confirming that an insurance policy is in force. Credit - Allows you to buy goods and services before you pay for them. Credit score - an assessment made by a lender to evaluate the level of risk you pose as a borrower. Credit insurance - Pays your monthly installments if you have a loan, or a percentage of your credit card debts for a set period of time, if you can't work or are made redundant. Credit search - a search carried out by a credit reference agency to check your credit record, whether you have CCJ, a history of not paying loans or credit cards on time, etc. Credit rating - A score awarded to you by lenders to indicate whether you are creditworthy or not. Crest -The settlement system for UK shares. The shares are traded in electronic form. Critical illness cover - insurance where a lump sum is paid out if you are diagnosed with a specific illness. Current Account Mortgage - A type of mortgage that combines a mortgage with a current (banking and cheque account). Custom and Exercise - A government department responsible for the collection of duties on imports, VAT and other taxes including Insurance Premium Tax. Curtailment - Cutting and activity short.