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A-Z Loan Glossary

A4 Amount
B4 Bank
C4 Cost
D4 Debt
E4 Equity
F4 Finance
G4 Grant
H4 Home
I4 Insurance
J4 Joint
K4 Key
L4 Loan
M4 Mortgage
N4 Net
O4 Overdraft
P4 Premium
Q4 Quote
R4 Rate
S4 Secured
T4 Tenant
U4 Unsecured
V4 Variable
W4 Waiver
X4 XD
Y4 Yield
Z4 Zero

A-Z of the Loan Industry's Jargon when Targeting Consumers for Loans
Consumer Loan Packages

Buy Back

Buy Back: A payment made to reinstate into SERPS a person belonging to a contracted out pension scheme. Reinstatement of life assurance cover after a claim has been paid on critical illness under a policy that provides cover against critical illness and death. (Normally a policy of this type will cease on the claim being paid; the life assurance cover is then automatically cancelled.). In stock market terms a buy back is when a company buys its own stocks or bonds in the open market or the repurchase of a security that was previously short sold.

Expanded List of Definitions "B"

· Balloon Mortgage · Bancassurer · Bank · Bank Giro Credit (BGC) · Bankers' Draft · Base Rate · Basic State Pension · Bed Breakfasting · Beneficiary · Benefit Basis · Benefits · Benefits In Kind · Bequest · Bid Offer · Bid Price · Bid-Offer Spread · Bi-Weekly Payments · Bonds · Bonus · Bridging Loan · Building Campaign · Building Society · Bulk Transfer · Buy Back · Buy Out · Buy-to-Let ·