Find financial terminology hard to follow? Here's a quick guide to all the commonest terms - and what they mean to you.
Insurance to cover your home. There are usually 2 types of cover: property insurance, to cover the value of your building (the 'bricks and mortar') and contents insurance, to cover the value of the things you have in your home (furniture, TV, clothes, etc).
Hire purchase - a type of credit whereby you 'hire' the item you are buying for a fixed period, during which time you pay for the item in monthly instalments, plus interest.
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