Jargon buster

Find financial terminology hard to follow? Here's a quick guide to all the commonest terms - and what they mean to you.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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.

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 Judgement (England and Wales) - awarded against you if you are summoned to court over a debt and either don't turn up or lose the case.

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 13:30.

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