Financial Glossary
Key terms explained in plain English, no jargon, no complexity. We appreciate our industry uses a lot of financial ‘jargon’, which can make it difficult to decipher information and correspondence. In order to try to assist with this, we have created a glossary of many of the terms you may come across. If you would like further clarification on any of the definitions, or cannot find a particular term, we would be happy to assist further.
Lasting Power of Attorney (LPA)
A lasting power of attorney (LPA), is a legal document that allows you to appointment someone (the ‘Attorney’) to make decisions for you. Importantly, an LPA can still be used even if the ‘donor’ loses mental capacity.
Life Assurance
An assurance policy that pays out a lump sum or instalments on the death of the life assured.
Liquidity
This is how quickly an asset, such as equities, corporate bonds or property, can be traded within a market and turned into cash.
Listed Company
A company that satisfies the listings rules of a stock exchange, and whose shares are quoted and traded on a stock exchange.