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

SVR

Standard Variable Rate. A mortgage lender's main interest rate which usually varies according to changes in the Bank of England Base Rate.

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.

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