Financial terms beginning with T
6 terms in our plain-English finance glossary starting with the letter T.
- Tax-Free Lump Sum
The 25% of your pension you can usually take tax-free when you retire.
- Thin Credit File
Having too little credit history for lenders to assess you easily.
- Third-Party Cover
The minimum motor insurance — covers others, not your own vehicle.
- Total Charge for Credit
The total of all interest and compulsory charges you pay to borrow.
- Tracker Mortgage
A variable mortgage whose rate moves up and down in step with the Bank of England base rate.
- Treating Customers Fairly — TCF
The FCA principle that firms must treat their customers fairly.
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