Jargon

Don’t know your Abstract Title from your Deeds of Sale? Then use our jargon buster for a simple explanation of all the weird and wonderful phrases affecting your nest.

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Term Assurance
This is life assurance that pays out an insured sum on the death of the policyholder. It is a common method to protect the mortgage in the event of death and to ensure that the mortgage debt is repaid.
Term of Contract
An expression referring to stipulated rights or responsibilities expressed in a contract.
Termination
The ending of a tenancy.