A to Z of Finance (Jargon Buster) - The Letter O

The world of Finance is full of buzz words and Jargon. In this section I'll translate a whole range of finance terms so you won't get caught out.

Index A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Online

The internet is accessed by a telephone line. So when you are using the internet you are classed as Online. Nowadays there are thousands of online businesses offering everything from banking to scrap metal and kids entertainment.
Finance Jungle is an Online Mortgage and Loan introducer for Independent Financial Advisors. Online businesses can usually offer better prices and rates because they don't have the overheads of shops, banks or building societies.

Overpayments

This is when you can pay more than your normal monthly repayment. This means you can pay off your mortgage earlier and save onthe overall interest charges. Maybe there will be a limited period when you might need to underpay, you can usually do this when you have made overpayments.

Typical, variable APR is 10.9%. Rates range from 7.7% to 18.3%
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP MORTGAGE OR DEBT REPAYMENTS SECURED ON IT
THINK CAREFULLY BEFORE SECURING ANY OTHER DEBT ON YOUR HOME. NON PAYMENT OF ANY LOAN CAN AFFECT YOUR CREDIT RATING

Every effort has been made to ensure that the facts here are correct. No liability is accepted for any errors contained herein or for any loss resulting from actions taken.