Unlimited Cover Financial Glossary

What is it? Buildings insurance paying out as much as necessary to rebuild your home (although some policies do have an upper limit).

Finance Term Definition Added By: Alexandra

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Other Similar Finance Terms:

Financial Term end user is A counterparty who intends to own the position. Contrast with a counterparty such as a dealer who intends to sell the position to an end user.

Financial Term Volatility is The degree by which share prices in a particular stockmarket or sector go up or down.

Financial Term Contingency is A condition that must be met before a contract is legally binding. Buyers and sellers often each add several contingencies.

Financial Term Pensionable Service is The length of time you worked for an employer that is used in calculating pension benefits from a pension scheme.

Financial Term Margin is An amount, usually a percentage, which is added to the index to determine the interest rate for adjustable rate mortgages at each adjustment period. For example, if the index is at 5.0, and the margin is 1.5, the interest rate is 6.5% (see Interest Rate, Index).