Glossary of terms
Liquidity
How easily you can turn your investments into cash.
Locked in
Being unable to remove your money from an investment or savings scheme without paying some kind of penalty. Usually an investment is locked in for a certain period - a number of years, months or until an event, like your retirement. For example if you make a six month fixed interest investment at the bank, your money is locked in for six months.
Lump sum
A large one-time payment of money.
