LIBF CeFS: Unit 2 Topic 5: Financial Planning

Details of money borrowed and repaid by an individual. Theserecords are held by credit reference agencies.

An overpaid overdue debt.

Planning one’s expected incomings and outgoings over theshort, medium or long term.

An independent organisation that maintains records of people’scredit history.

An evaluation of a person's finances.

A plan of expected incomings and outgoings over several timeperiods, such as the next three months or a year.

Things that a person or a business owns.

A sum of money used as part-payment for a property.

Anticipating the likelihood, or risk, of something happening inthe future.

An electronic payment out of an account. Make regular payments of the same amount

Reluctant to take any kind of risks.

A situation in which outgoings exceed income.

In financial terms, an individual’s ability to react to unexpected events.

Earning an income by selling your goods or services directly to a consumer.

Earnings, savings and interest payments received.

An electronic payment out of an account. The amount andfrequency of a direct debit payment can vary.

Putting a monthly budget together by looking at cash inflowsand outflows and calculating the net balance.

The extent to which an individual is seen as being likely to payback any money they borrow.

Income minus expenses.

Current financial obligations, eg an overdraft or an outstandingcredit card balance.

Is the buying and selling of company shares. The trading takes place on a stock exchange.

A plan of expected incomings and outgoings over a set timeperiod such as a month.