Financial terms beginning with O
3 terms in our plain-English finance glossary starting with the letter O.
- Offset Mortgage
A mortgage linked to your savings, so you pay interest only on the balance after your savings are deducted.
- Open Banking
A secure way to let approved apps access your bank data or make payments, with your consent.
- Overdraft
A way of borrowing through your current account by spending more than your balance.
Is there anything wrong with this page? Let us know