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A

Account Balance

The amount of money in an account. This could be either a credit balance (money you own) on a savings account or a debit balance (money you owe) for a mortgage or loan

AER

AER stands for the Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

APR

APR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers.

Arrears

Missed payments that you should have made towards your debt.

Assets

Things that are owned such as a house or money.