Situation where repayments are reduced so that the mortgage is not repaid by the end of the agreed term. Some mortgages (flexible mortgages) allow for a specified level of underpayment.
A property that has no loans or borrowings secured on it.
A type of life insurance in which the value of the policy is backed by investment in shares, either through the life company or the life company's unit trust.
A version of a With Profits investment vehicle that seeks to reduce the peaks and troughs of stock market fluctuations.