Financial terms beginning with C

The profit made when you sell an investment for more than you paid for it.

The bank or company that provides your card and runs the account behind it.

An extra fee for paying by card — banned on UK consumer debit and credit cards.

A payment made without the physical card, such as online or by phone.

Withdrawing cash on a credit card — expensive, with interest usually charged from day one.

A tax-free savings account that uses part of your ISA allowance.

Cash taken out at a till, or a small reward paid back on card spending.

A court order to repay a debt that goes on a public register and harms your credit file for six years.

A same-day UK system for sending large, time-critical payments, often used for property purchases.

A card scheme process for asking your bank to reverse a payment and reclaim your money.

A signed paper instruction telling your bank to pay someone a set amount.

Paying by inserting your card and entering your PIN to authorise it.

A fraud-prevention marker on your file that lenders check before lending.

A request to your insurer to pay out under your policy after a covered event.

Fraudsters impersonating a real authorised firm to appear legitimate.

Formally telling a financial firm it got something wrong — and asking it to put it right.

The fullest standard motor cover — your car and other people’s.

Buying by instalments where you automatically own the item after the final payment.

A check that the name you enter matches the account you are paying, to prevent errors and fraud.

The main UK law protecting borrowers, source of Section 75 and disclosure rights.

An FCA rule requiring firms to deliver good outcomes for consumers.

The law giving you rights when goods or services are faulty or mis-described.

Paying by tapping your card or phone on the reader, without entering a PIN.

Cover for your belongings against theft, fire, flood and similar risks.

The legal work that transfers property ownership from seller to buyer.

A short window after buying in which you can cancel a financial product, often 14 days.

A loan to a company that pays fixed interest, riskier than a government gilt.

What your policy protects you against, and the limits on what it will pay.

The contract that sets out the terms of your borrowing and your rights.

A low-limit, high-interest card designed to help you build a credit history.

A card that lets you borrow up to a limit and repay later, with strong purchase protection.

The record of your borrowing and repayment history that lenders check before lending.

The maximum amount you are allowed to borrow on a credit card or revolving account.

A company that holds your credit information and shares it with lenders — Experian, Equifax or TransUnion.

A number summarising your credit history, used by lenders to judge how likely you are to repay.

The share of your available credit you are using — lower is generally better for your score.

A lender’s judgement of how likely you are to repay, and whether you can afford to borrow.

Pays a lump sum if you are diagnosed with a serious illness the policy lists.

The everyday bank account you use for income, bills and day-to-day spending.