A

• 401(k): A tax-advantaged retirement savings plan sponsored by an employer in the United States.
• 403(b): A retirement plan for certain public school employees, non-profit employees, and ministers in the US.
• 529 Plan: A tax-advantaged savings plan designed to encourage saving for future education costs, primarily used in the US.
• Adjustable-Rate Mortgage (ARM): A mortgage with an interest rate that can change periodically.
• AIF (Alternative Investment Fund): A collective investment undertaking that raises capital from investors to invest it in accordance with a defined investment policy.
• Annual Percentage Rate (APR): The yearly cost of a loan, including interest and fees, expressed as a percentage.
• Annual Percentage Yield (APY): The effective annual rate of return taking into account the effect of compounding interest.
• Annuity: A financial product that pays out a fixed stream of payments to an individual.
• Asset: Anything of value owned by a person or company.
• Asset Allocation: The process of dividing investments among different kinds of assets, such as stocks, bonds, and cash.

B

• BACS (Bankers' Automated Clearing Services): A system used for making payments directly from one bank account to another in the UK.
• Balance Sheet: A financial statement that summarizes assets, liabilities, and net worth.
• Bankruptcy: A legal process for people or businesses that are unable to repay outstanding debts.
• Bear Market: A market condition in which prices of securities fall 20% or more from recent highs.
• Bond: A debt investment in which an investor loans money to an entity for a defined period of time.
• Book Value: The net asset value of a company, calculated by total assets minus intangible assets and liabilities.
• BREXIT: The withdrawal of the United Kingdom from the European Union, which has various financial implications for both the UK and EU.
• Budget: An estimate of income and expenditure for a set period of time.