Glossary of terms

Glossary of terms

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Weighted average

An average that assigns different weighting to items of different size. For example, if you have two debts and the first one is twice the size of the second, then the first debt will be given a weighting twice that of the second.

Wholesale scheme

Generally a superannuation or savings scheme for large groups of investors to save money into, generally offered by financial organisations to workplaces.