Find financial terminology hard to follow? Here's a quick guide to all the commonest terms - and what they mean to you.
A feature offered by some lenders that allow you to miss monthly payments on your mortgage or loan.
A type of insurance to cover your monthly repayments on a credit card or loan should you lose your job or be too ill to work.
Document containing the full terms and conditions for an insurance contract.
The length of time that an insurance policy lasts
A person in whose name the policy is issued.
The amount you pay for insurance cover.
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