Financial terms beginning with R
10 terms in our plain-English finance glossary starting with the letter R.
- Recurring Payment
A regular payment a company takes from your card, which you can cancel with your bank.
- Redress
Putting a wrong right — the compensation or remedy owed when a firm treated you unfairly.
- Refund
Money returned to your card or account after a return, cancellation or reversal.
- Regular Saver
A savings account that pays a high rate in return for a fixed monthly deposit.
- Remortgage
Switching your mortgage to a new deal, with the same or a different lender.
- Renewal
When your policy rolls into another term — often automatically — at a new price.
- Repayment
A regular payment that pays back what you borrowed, plus interest.
- Repayment Mortgage
A mortgage where each payment reduces the balance, so it is fully repaid by the end of the term.
- Representative Example
The standard set of figures a lender must show when advertising credit.
- Risk
The chance that an investment falls in value and you get back less than you invested.