Glossary of terms

Glossary of terms

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
Earnings

This is the money you receive from others, as payment for the use of your money.

Employer superannuation

A scheme operated by an employer to help their employees save for their retirement. In some cases employers add money to the amount the employer saves, in other cases the employer meets some of the costs of the scheme, such as bank fees. Sometimes the employer superannuation scheme provides life insurance cover for the employees. Also called a corporate or group superannuation scheme.

Glossary: employer superannuation
A scheme operated by an employer to help their employees save for their retirement. In some cases employers add money to the amount the employer saves, in other cases the employer meets some of the costs of the scheme, such as bank fees. Sometimes the employer superannuation scheme provides life insurance cover for the employees. Also called a corporate or group superannuation scheme.
Equity

The amount you would get if you sold an asset and paid back any money you owed on it. For example, if you have a house worth $350,000, and a $300,000 mortgage, your equity in your house is $50,000.

Glossary: asset
An asset is a useful or valuable person or thing. In financial terms it's an item that can be converted into cash such as bank deposits, shares or property.
Glossary: equity
The amount you would get if you sold an asset and paid back any money you owed on it. For example, if you have a house worth $350,000, and a $300,000 mortgage, your equity in your house is $50,000.