Jargon Buster: G
Our glossary results: 20 matches!
The triangular upper portion of a wall at the end of a pitched roof. It typically has straight sides, but there are many variations.
A grotesque human or animal figurine that projects from a roof or the parapet of a wall or tower. They can often be found on old churches and cathedrals.
Gazumping is when a seller accepts an offer from one interested party, only to accept a higher offer later on from someone else. It can cause financial and mental anguish and is a practice that most buyers would like to see outlawed.
When a buyer forces a seller into accepting a lower offer for their property just before contracts are about to be exchanged by using the threat of pulling out of the purchase completely unless the seller accepts the lower price.
The percentage that a company's borrowings represent against shareholders’ funds (less intangibles) at the end of the last and preceding financial periods.
Bonds or loan stocks, issued by the UK government, usually paying a fixed rate of interest, and regarded, due to the Government backing, as the safest form of capital retention. Low risk but also low reward.
An estimate from an institutional lender that shows the costs a borrower will incur, including loan-processing charges and inspection fees.
Loans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements.
A specified amount of time to make a loan payment after its due date without penalty.
An area of land surrounding a city, protected by the government, on which new developments cannot be built.
Before deduction of tax.
Your total income before tax and expenditures.
Usually, upward movement in the foundations of a house caused by the absorption of moisture into sub-soil (usually clay).
This applies only to leasehold properties and is a sum paid annually to the freeholder by the leaseholder.
Companies expected to have continual growth, year on year, in their earnings per share.
A loan guaranteed by a third party, such as a government institution.
Guaranteed death benefit
Policies where the company will pay out a certain amount when you die.
The guarantor is responsible for payments if you default. If a lender is concerned about your ability to repay your loan, they may require you to find a guarantor for the loan.
The guide price is nothing more than an estimate of the eventual sale price at an auction.
A small opening under a drainpipe or wastepipe through which the water passes. Usually covered with a grate of some kind to prevent foreign object causing blockage.