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Welcome to the Finance glossary, we have made this glossary to make you more comfortable in finding and understanding the finance terms. This is brought to you by the loan uk .
Use the A-Z alphabetical list to find definitions of key finance terms.Our aim is to provide the mostcomprehensive glossary of UK financial terms on the internet
Finance Terminology - R
Redemption
This is paying off the mortgage, either to move to another property or at the end of the mortgage term.
Redemption Charges
These are any charge levied by the lender when the mortgage loan is repaid before the end of the full term. See also early redemption penalty.
Redemption Statement
The outstanding amount to be repaid on an existing credit arrangement.
Redundancy Insurance
This is also known as accident, sickness and unemployment insurance this insurance cover that is arranged by the borrower to protect against the inability to meet mortgage payments. This cover is generally restricted to cover only events that are entirely beyond the control of the insured person. Typical exclusions include dismissal following professional misconduct and any act of voluntary redundancy.
Refinancing
This is where borrowings are rearranging with a different lender, usually to receive more attractive terms or to raise fresh capital.
Regular Earned Income
This is a payment which is not guaranteed but is still a regular part of an employees remuneration. Lenders will normally ask for evidence of such payments being made on a regular basis, e.g. Payslips or p60s covering a period of months or years. See also: guaranteed income.
Remortgage
The arranging of a loan on a property in which the borrower already resides. Normally this involves redeeming an existing loan on the property.
Remortgage With Outstanding Discount
This refers to a property that was purchased under a right to buy legislation, where the owner wishes to remortgage whilst there is still an outstanding discount remaining.
Repayment
This is payment made to cover interest or reduction in principal of a loan.
Repayment Period
The amount of unpaid credit on your loan.
Repayment Plan
If you fall behind on your payments a lender may try to renegotiate your repayment plan.
Repayment Term
The timer frame that the borrower must repay the lender.
Restructured Loan
When a lender offers renegotiated terms.
Retired
Where the individual is no longer working.
Retirement Annuity Contract
This is the investment of a lump sum which produces a regular income for a retired person.
Retrieval Cost
Cost that your lender incurs when recovering items or debt.
Right To Buy
This is an option for council tenants to purchase the property in which they live in. The property price is often at a discount, proportional to the length of occupancy.
Royal Institute Of Chartered Surveyors
The professional body for surveyors which sets a code of practice for its members.
RTB
This is another name for right to buy and an option for council tenants to purchase the property in which they live in.
Rally
A suddern rise in the value of a share or market performance after a long fall.
Reaction
A reversal of a trend in the movement of share prices. For example, there will be a fall in the price of shares following a rally as everyone quickly tries to makes profits. Also known as a correction.
Redemption
The date a security, such as, a bond, preferred stock or mutual fund shares becomes repayable. This is also called the maturity date.
Redemption yield
The total return from a security, such as, a bond, if it is held to its maturity date. It reflects both the income and capital gain/loss that it will make when it matures.
Registrar
An organisation that maintains a register of the share owners and the number of shares held for a company. It also makes sure that the number of shares issued are not more than the number of shares authorised. This role is usually carried out by a bank.
Reinvestment of dividends
Refers to reinvesting dividends to buy more shares.
Repayment mortgage
A mortgage where you pay off both the capital and interest each month until you've completely repaid the loan at the end of the pre-agreed term.
Retail Prices Index (RPI)
An inflationary indicator that measures the prices of a representative sample of household goods and services. It is a general indicator which is used to measure the rise or fall in the cost of living.
Retained profits
The proportion of profits after tax that is not distributed as dividends but is reinvested in the company.
Return
The annual return on an investment expressed as a percentage of the total amount invested.
Rights issue
An offer to sell a new issue of shares by a company to its existing shareholders, usually at a price which is lower than the market price.
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