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.