financewiz.co.uk - Independent Financial Advice : listed under: g
HOME
Word(s) :
Gazumping
- when an offer on a property is accepted by a vendor, but a higher offer is subsequently received by another party and accepted by the vendor.
General Insurance Standards Council - GISC
- Monitor and enforce standards on sales and provision of advice on general insurance.
Gilt
- a government bond or stock where interest is predetermined and paid over a set term.
Gold or Platinum cards
- Credit cards that offer extra services such as travel-accident insurance.
Gold or premier account
- A bank account that often has high charges but a low rate of interest, offered to people whose salary or wages are a certain amount.
Grace period
- A period after a premium payment is due on an insurance policy (but where a policyholder is late making the payment), during which the policyholder can make the late payment without losing the protection which the insurance policy provides.
Gross interest
- interest earned on savings before income tax deductions are taken into account.
Ground rent -
an annual fee paid by the leaseholder to the freeholder.
Guaranteed growth bonds
- Fixed term investments, typically between 3 and 5 years, where you invest a lump sum and are guaranteed either a minimum amount of money at the end of the period, or that you won't lose the original amount you invested.
Guaranteed Income Bonds
- A type of insurance policy where you pay a single upfront premium, and which then pays out money at regular intervals over a fixed period of time, and at the end of which the premium is returned.