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					Word(s) :   Savings bond - a type of savings account where a high rate of interest is paid but cash is tied up in the account for a set period of time. Savings Certificates - A form of National Savings that pay a fixed rate of interest over a set term. SAYE - Save As You Earn - a scheme that allows employees to save for the purchase of shares in the company they work for. Searches - a series of checks made with local authorities that are carried out during the conveyancing of a house. Checks include any proposals for planning or any other matter that may affect the property's value or its sale in the future. Sector - This refers to how funds are grouped. For example, a fund may be grouped by the country it invests in, or the industry it invests in, or the type of fund it is. Secured loan - a type of loan where an asset, usually a property, is used to guarantee repayment. Self Certified Mortgage (more) - A Mortgage where you give a self assessment of your income. No income references from your employer or your accountant are required. Self Select - An ISA that invests in stocks and shares selected by you, the investor. Settlement - Scottish term for the completion of a property. SERPS - State Earnings Related Pension Scheme -the part of your pension from the state which provides benefits which are additional to the basic state pension, based on how much extra money you contributed from your earnings. Share - A legal document that makes its holder a part owner of the company that issues the share. Share Club - a group of investors who pool money to buy shares. Share Holder Pack - An incentive given to shareholders by companies to promote loyalty. Share Option Scheme - A scheme giving an employee the right to buy shares in the company in the future but at a price fixed now. SIB - Securities and Investments Board. A financial services industry regulatory organisation, and now part of the Financial Services Authority. Sickness and Accident - Pays you a benefit if you are unable to work through sickness or accident. Normally pays out for a set period, such as one or two years. SIPP - Self Invested Personal Pensions - A kind of pensions where the investor has a degree of control as to how their funds are invested. Sheriff Court Judgement (Scotland) - Awarded against you if you are summoned to court over a debt and either don't turn up or lose the case. Special Presentations - A service from a bank to inform a customer paying in a cheque that the payer's bank will make the payment. This does not reduce the time taken for the cheque to clear - this will still take three working days. Spread (Bid offer Spread) - The difference between the buying (Offer) and selling (Bid) prices of shares. Stakeholder Pension (more) - A low cost, flexible type of pension. These meet strict government guidelines, on access, charges and terms. Stamp Duty - a tax payable by the buyer of a property, calculated as a percentage of the sale price. Standard Variable Rate - The mortgage interest rate charged by most lenders, which varies in line with rises and falls in the Bank of England base rate. Standing Order - A pre authorised payment in which the customer gives instructions to their bank to pay fixed sums at regular intervals or on defined dates. State Pension (more) - The basic state pension is paid to everyone. The level of pension you get depends on the amount of National Insurance contributions you pay over your working life. State Second Pension (more) - Known as S2P, this additional state pension is paid in addition to the basic state pension. It replaced SERPS in April 2002, and now the additional pension can by built up carers, the long-term disabled and those on low incomes as well as employees (but not the self-employed). You may get a State Second Pension, even if you do not get any basic state pension. Stock market - place where shares and equities are traded, usually by stockbrokers. Stock Broker - Someone who advises on which shares to buy and buys them on your behalf. Stocks and Shares ISA - An ISA that allows you to invest in stocks and shares without paying tax on the money you make. Store Card - A card that lets you buy goods on credit at a particular shop or chain of shops. Sum Insured - The amount an insurance policy pays out. Surrender Value - The amount of money paid to the holder of an insurance policy by the insurer when certain types of life policy are discontinued before the full benefit becomes payable.