When there is not enough insurance to cover the value of the
An asset that has no money owing on it and
no individual or entity has any claim over the asset.
An investment fund where no steps have been taken to limit the
effect of currency fluctuations on overseas investment returns.
The value of a company or investment expressed as a single unit.
A unit is similar to a company share.
A legal structure that holds assets for the benefit of unit
holders. A trustee administers the trust, makes decisions about
trust assets and is responsible for distributing income and capital
according to the number of units each investor holds. Any profits
made by the trust must be distributed to unit holders at the end of
the financial year.
A loan for which no asset has been used as security. The interest rate is usually
higher than for a secured loan as there is a higher risk to the lender of not getting their
A type of fixed interest investment issued by a company whereby
it promises to pay regular interest payments and return the capital
at the end of the investment term. There is no security offered for
An unexpected call or visit by an unknown person, trying to sell
Last updated: 18 Nov 2015