One theory behind the development of Cockney Rhyming Slang is that it was used by market traders in the East End to allow them to talk among themselves and collude without their customers knowing what they were saying.
Just down the road their be-hyphened cousins were developing a lexicon all of their own and arguably for a similar purpose. Since time immemorial the City thrived as a ‘club’ that served to further the interests of its members whilst allowing them to charge handsomely to deliver their services to those not in the ‘know’.
However, all that is changing; DIY Investor believes that one of the key steps toward empowering the self-directed investor is demystifying the jargon that exists around financial services.
Clearly understood it is possible for the DIY investor to make objective comparisons of products and assess their suitability for their personal objectives.
Here is a Glossary of some of the more commonly used terms and phrases in financial services.