Jargon Buster

A B C D E F G I J L M N O P R S T U V Y

IFA

Independent Financial Advisor.

Inflation

Defined as a sustained increase in the general level of prices for goods and services.

Interest Charges

A charge for a loan, usually a percentage of the amount loaned.

Interest-Only Mortgage

A type of mortgage in which the mortgagor is only required to pay off the interest that arises from the principal that is borrowed and repays the full loan amount at the end of the mortgage period.