Use our Jargon Buster to cut through the complicated language financial services companies sometimes use, and find out what it really means. The list is in alphabetical order so you can scroll down to look up words and their meanings:
Valuation A professional inspection of a property to decide how much it is worth.
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Variable rate An interest rate that can move up or down at any time usually when there are movements in the Bank of England Base Rate.
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Venture Capital Trusts (VCT’s) A type of trust established by the Government to encourage investment in high-risk small young companies. They have traditionally offered lucrative tax concessions to attract risk capital from higher rate taxpayers.
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