Financial terms beginning with G
5 terms in our plain-English finance glossary starting with the letter G.
- GAP Insurance — Guaranteed Asset Protection
Covers the gap between a car write-off payout and what you paid or owe.
- Gazumping
When a seller ditches your agreed offer for a higher one before contracts are exchanged.
- Gilt
A bond issued by the UK government that pays fixed interest until a set date.
- Ground Rent
A charge a leaseholder pays the freeholder for the land, now banned on most new leases.
- Guarantor Loan
A loan backed by another person who agrees to repay it if you do not.
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