One particularly rich source for the words we use is the world of the seafarer. No surprise, then, that so many maritime expressions have drifted ashore in the world of personal finance! Here, to salt your lips, are just a few. ‘Copper-bottomed investment’: in 1761, The Royal Navy began plating the hulls of its vessels with copper [...]
Posts Tagged ‘Financial Terms’
Copper-bottomed and above board – financial terms from the sea!
Monday, July 27th, 2009Money talks! The true meanings of financial terms
Monday, June 22nd, 2009Language is a liquid, not a solid. Words, and their meanings, are never set in stone. They change, they evolve, they come into and fall from grace. And what a word means today can be quite different to what it meant just a few centuries ago. Sometimes, the original meaning can be quite a surprise, [...]
Low interest rates – should you overpay your mortgage?
Wednesday, February 25th, 2009The Bank of England is lowering interest rates to encourage us to spend more but many smart mortgage borrowers are using the falling rates – and consequently lower mortgage repayments – as an opportunity to overpay their mortgages and reduce the amount they owe. Both Lloyd’s TSB and HSBC have been advising their variable rate [...]
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