Abbreviations and jargon used on Askaboutmoney

[mathepac]

A simple alphabetical list of abbreviations and jargon used on Askaboutmoney, with generally accepted interpretations, expansions and explanations. There might be duplicate entries with more than one interpretation; context then becomes important, e.g "RS" or "SO".

If you have any additions, comments, suggestions, questions, queries, or disputes, please post them here.

If you prefer to use Google, DuckDuckGo, or another search engine, that is your prerogative; it is not the intention of this thread to limit your choice.

The blue-coloured expansions link to external sites to help by further expanding on that term, organisation's role or activity.

We've tried to avoid being a simple advertising medium and the links tend to be to consumer oriented, regulatory and supervisory agencies, or terms, so you won't find links to Harvey Norman's site or those of other retailers.

Thanks

2FA - Two-factor Authentication

AAM - Askaboutmoney (Occasionally AAB and AMM)
AE - Auto Enrolment
AEPN - Automatic Enrolment Payroll Notification (see NAERSA below)
AFAIK - As Far As I Know
AHB - Approved Housing Body
AIO - All In One
AKA - Also Known As
AMC - Annual Management Charge
AML - Anti Money Laundering
APR - Annual Percentage Rate
ARF - Approved Retirement Fund
AuDHD - Overlapping & co-occurring neurodevelopment conditions
AVC - Additional Voluntary Contribution (to an OPS)

BB - Broadband
BCC - Blind Carbon Copy an email to someone
BCE - Benefit Crystallisation Event
BER - Building Energy Rating
BES - Business Expansion Scheme
BEV - Battery Electric Vehicle
BGE - Bord Gáis Energy
BNPL - Buy Now Pay Later
BOB - Buy Out Bond
BOGOF - Buy One Get One Free
BPFI - Banking and Payments Federation Ireland
BTL - Buy To Let (mortgage)
BTW - By The Way

CAT - Capital Acquisitions Tax
CB - Central Bank (of Ireland)
CC - Credit Card (also to "carbon copy" an email to someone)
CCPC - Competition and Consumer Protection Commission
CCR - Central Credit Register
CET - Chargeable Excess Tax
CFP® - Certified Financial Planner™
CGT - Capital Gains Tax
CIP - Critical Illness Pay
CNER - Cost Neutral Early Retirement
COAP - Contributory Old Age Pension (State pensions)
COB - Close Of Business
COP - Coefficient Of Performance
COBC - Certificate Of Benefits Comparison
CPI - Consumer Price Index
CTA - Common Travel Area between Ireland and the UK
CU - Credit Union
CUDA - Credit Union Development Association

DB - Defined Benefit (pensions)
DC - Defined Contribution (pensions)
DCA - Domiciliary Care Allowance
DD - Direct Debit
DH/DW - Dear Husband/Dear Wife
DIRT - Deposit Interest Retention Tax
DoH - Depth of Discharge (Battery)
DPS - Drugs Payment Scheme card
DSP - Department of Social Protection (FKA Department of Social Welfare)

EA - Estate Agent
ECB - European Central Bank
EDS - Employment Detail Summary
EFT - Electronic Funds Transfer
EIIS - Employment Investment Incentive Scheme
EO - Execution Only
ESTA - Electronic System for Travel Authorization
ETB - Education and Training Board
ETF - Exchange Traded Fund
EV - Electric Vehicle

FA - First Active (defunct)
FAQ - Frequently Asked Questions
FHS - First Home Scheme
FIRE - Financial Independence Retire Early
FKA - Formerly Known As
FSPO - Financial Services and Pensions Ombudsman
FT/PT - Full Time/Part Time
FTA - Free To Air (TV Rights)
FTB - First Time Buyer
FTD - Fixed Term Deposit
FTE - Full Time Equivalent
FTTC - Fibre To The Cabinet
FTTH - Fibre To The House
FWIW - For What Its Worth
FYI - For Your Information

GFCH - Gas-Fired Central Heating
GIGO - Garbage In, Garbage Out

HEV - Hybrid Electric Vehicle
HICP - Harmonised Index of Consumer Prices
HN - Harvey Norman (chain of electrical/electronics shops)
HTB - Help To Buy Scheme
HTH - Hope This Helps
HP - Heat pump/Hire Purchase

IANAL - I Am Not A Lawyer
IANATE - I Am Not A Taxation Expert
IAPF - Irish Association of Pension Funds
IBAN - International Bank Account Number
ICB - Irish Credit Bureau (defunct, see CCR above)
IFAC - Irish Fiscal Advisory Council
IIRC - If I Recall (or Remember) Correctly
ILCU - Irish League of Credit Unions
IMHO / IMO - In My Humble Opinion/In My Opinion
IMNAL - I'm Not A Lawyer
INBS - Irish Nationwide Building Society (defunct)
IORP / IORP II - Institutions for Occupational Retirement Provision
IP - Intellectual Property
IPOA - Irish Property Owners Association
IPOI - Intellectual Property Office of Ireland
IPSO - Irish Payment Services Organisation (defunct, see BPFI above)
IQA - Increase for a Qualified Adult

JPRB - Jobseeker's Pay-Related Benefit

KYC - Know Your Customer

LAET - Life Assurance Exit Tax
LOL - Laugh Out Loud
LOS - Letting Off Steam (forum on AAM)
LPT - Local Property Tax
LSRA - Legal Services Regulatory Authority
LTI – Loan To Income (mortgage)
LTV - Loan To Value (mortgage)

MA - Managing Agent (of MUD, appointed by OMC)
MFF - Multiannual Financial Framework (European Commission’s long-term budget)
MFF - My Future Fund
MHEV - Mild Hybrid Electric Vehicle
MM - Money Makeover (an AAM forum)
MNC - Multi-national Corporation
MUD - Multi-unit Development (property, real estate)
MTR - Mortgage To Rent
MVA - Market Value Adjustment
MVL - Members' Voluntary Liquidation
MVNO - Mobile Virtual Network Operator

NACE - Nomenclature Statistics on the European Activities of the European Community
NAMA - National Asset Management Agency (a state agency of NTMA)
NAERSA - National Automatic Enrolment Retirement Savings Authority
NCB - No Claims Bonus (insurance)
NCD - No Claims Discount (insurance)
NCOAP - Non-Contributory Old Age Pension
NIB - National Irish Bank (defunct)
NLWT - Non-Resident Landlord Withholding Tax
NoT - Notice of Termination (of a lease or rental agreement)
NPPR - Non-Principal Private Residence
NRA - Normal/Nominal Retirement Age (pensions, used by Revenue)
NSC - National Sort Code
NSP - Notional Service Purchase (pensions)
NTMA - National Treasury Management Agency

OFCH - Oil-Fired Central Heating
OH - Other Half (spouse/partner)
OMC - Owner Management Company (of MUD)
OO - Owner Occupier
OP - Original Poster/Original Post/Opening Post
OPS - Occupational Pension Scheme
OSP - Occupational Service Pension
OT - Off Topic
OTAC - One Time Authorisation Code (see OTP below)
OTOH - On The Other Hand
OTP - One Time Passcode
OTT - Over The Top

P2P - Peer to Peer (lending or networking)
PA - Pension Authority
PAC - Personal Access Code
PAYE - Pay As You Earn
PDH - Principal Dwelling Home
PEPP(s) - Pan-European Personal Pension Product(s)
PHEV - Plug-in Hybrid Electric Vehicle
POCC - Public Only Consultant Contract (HSE doctors)
PPA - Phased Payment Arrangement
PPI - Payment Protection Insurance
PPP - Personal Pension Plan
PPR - Principal Private Residence
PRB - https://www.irishlifeemployersolutions.ie/personal-retirement-bonds (Personal Retirement Bond(s))
PRS - Private Rental Sector
PRSA - Personal Retirement Savings Account
PRSI - Pay Related Social Insurance
PSRA - Property Services Regulatory Authority
PTSB - Permanent TSB Group Holdings plc
PV - Photovoltaic (used in Solar Powered Electricity Production)
PWA - Progressive Web App(lication)

QFA - Qualified Financial Adviser
QROPS - Qualifying Recognised Overseas Pension Scheme

RAC - Retirement Annuity Contract (AKA Personal Pension Plan, see above)
RIP - Residential Investment Property
ROFL - Roll On the Floor Laughing
ROI - Return On Investment
ROS - Revenue Online Service
RPZ - Rent Pressure Zone(s)
RS - Regular Savings or Rent Supplement
RSA - Regular Saver Account
RSU - Restricted Stock Unit
RTK - Real-Time Kinematic Positioning
RTB - Residential Tenancies Board

SAHD/SAHM - Stay At Home Dad/Mum
SCSI - Society of Chartered Surveyors Ireland
SD - Stamp Duty
SDCC - South Dublin County Council, a Dublin local authority
SEAI - Sustainable Energy Authority of Ireland
SEPA - Single European Payments Area
SFT - Standard Fund Threshold
SO - Significant Other (either gender) or Standing Order (financial)
SOAI - Society Of Actuaries in Ireland
SoC - State of Charge (Battery)
SoH - State of Health (Battery)
SPC - Supplementary Protection Certificate (IP protection of a plant or medicinal product)
SPSPS - Single Public Service Pension Scheme
SRCOP - Standard Rate Cut-Off Point
SSIA - Special Savings Incentive Account ( No longer in use)
STB - Shooting the Breeze Nonsense forum on Askaboutmoney
SUSI - Student Universal Support Ireland
SW - Social Welfare

T&Cs - Terms & Conditions also Ts&Cs
TFLS - Tax Free Lump Sum
TII - Transport Infrastructure Ireland
TLTR - Too Long To Read
TMI - Too Much Information
TRR - Temporary Rehabilitation Remuneration
TRS - Tax Relief at Source

UB - Ulster Bank (no longer trading in Ireland)
UDA - Unfair Dismissals Act(s)
UFH - Underfloor Heating
USC - Universal Social Charge

VF - Vodafone
VI - Vested Interest
VR Package - Voluntary Retirement Package
VR - Virtual Reality
VRT - Vehicle Registration Tax

WFH - Work From Home/Working From Home
WRC - https://www.workplacerelations.ie/en/ (Workplace Relations Commission)
WTE - Whole Time Equivalent
WYSIWYG - What You See Is What You Get

YMMV - Your Mileage May Vary

 

[Brendan Burgess]

Great work.
I have unstuck the original thread and stuck this updated version.

Abbreviations and jargon used on Askaboutmoney

AAM Askaboutmoney (Occasionally AAB and AMM) afaik as far as i know AML - Anti Money Laundering ARF Approved Retirement Fund BOGOF - Buy One, Get One Free (here) BOI - Bank of Ireland btw by the way CC - Credit Card (it also means to copy an email to someone) COB - Close of Business...

www.askaboutmoney.com

 

[mathepac]

delete please

 

[mathepac]

I'll "like" the posts I add to the list, Could the mods periodically delete those please? Just in this thread, not across the site!!

 

[Brendan Burgess]

Used in the home energy a lot:

@mathepac

the list is very long. I wonder would if there is any point in splitting it in two. Financial and non-financial?
Or two columns - with the left hand column having the most used and the right hand column the rarely used? e.g:

AAM - Askaboutmoney (Occasionally AAB and AMM) AE - Auto Enrollment AIB - Allied Irish Bank AFAIK - as far as i know AMC - Annual Management Charge AML - Anti Money Laundering ARF - Approved Retirement Fund AVC - Additional Voluntary Contribution (to an OPS - Occupational Pension Scheme) BOI - Bank of Ireland BTW - by the way CAT - Capital Acquisitions Tax CB - Central Bank CC - Credit Card (it also means to copy an email to someone) CCPC - Competition and Consumer Protection Commission CGT - Capital Gains Tax CPI - Consumer Price Index

BNPL - Buy Now Pay Later BOGOF - Buy One, Get One Free CNER - Cost Neutral Early Retirement COB - Close of Business (here) CoBC - Certificate of Benefits Comparison

 

[mathepac]

delete please

 

[mathepac]

delete please

 

[TomEdison]

FWIW, I wouldn't split it. People consult the list becaue they see an abbreviation and have no idea what it means. It's not helpful to them to have separate lists of financial and non-financial abbreviations; if they don't know what an abbreviation means, they may not know whether the meaning is financial or non-financial.

I don't see a long list as being a problem in itself. The list is ordered alphabetically. You don't have to read it from the start; you can go straight to the place where the abbreviation you want will be found.

 

[mathepac]

Thanks to those who set up the original thread and to those who contributed over the last few days. I think its a handy little resource now for AAM.

 

[balders93]

PRSI - Pay Related Social Insurance

 

[Mayo1969]

I've added in a few more with reference to a variety of recent threads on here (and some which I still don't know which other have used on here!). I've thrown in a few definitions too because I imagine there a lot of novices on AAM who struggle with some of these financial terms that are bandied about and are sometimes even interchangable. So maybe this might eventual evolve into a reference glossary as much as just a list of abbreviations.


APR – Annual Percentage Rate

BER: Building Energy Rating

BES: Business Expansion Scheme

CFP: Certified Financial Planner/Professional

COAP (OACP): Contributary Old Age Pension (pensions)

Cost Neutral/ActurallyReduced: Adjustment of a public sector pension based on years of service (pensions)

CNER: Cost Neutral Early Retirement (pensions)

DIRT: Deposit Interest Retention Tax

Dividends: Income earned from stock holdings.

EV: Electric Vehicle

FTD: Fixed Term Deposit


Differentiate between Stocks, Shares, Equities and Bonds?

Equities: ownership,or more specifically, the value of an ownership stake in an asset or company

Shares: investment of part ownership in a company, either public or private.

Stocks: Shares in Public listed companies listed and traded on a stock exchange somewhere in the world.

Bond: Investment in the form of a loan to a business or an entity (state) with a guaranteed return on investment.

Global Index Tracker or Global Index Fund: An index fund (also index tracker) is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that it can replicate the performance of a specified basket ("benchmark") of underlying securities.

Hedge – Something considered a safe investment against future risk

IBAN: International Banking Account Number

Investment Trust: A managed investment fund of carefully selected and diversified stock supposedly insulated against risk.

NCB: No Claims Bonus(insurance)

NCD: No Claims Discount(insurance)

NRA: Normal/Nominal Retirement Age (pensions)

NSP: Notional Service Purchase (pensions)

NCOAP: Non Contributary Old Age Pension

OH – Other half(spouse/partner)

OSP – Occupational Service Pension (pensions)

PV: Photo Voltaic (Solar Powered Electricity Production)

ROI: Return on Investment

SPC?

P2P – Peer to Peer lending

QFA: Qualified Financial Adviser

QROPS - qualifying recognised overseas pension scheme

SOAI?

SUSI: National awarding authority for further and higher education grants.

TFLS from Buyout Bond?

WTE: Whole Time Earnings

 

[mathepac]

Thanks @Mayo1969, that kept me busy a while!

Some of your suggestions were already posted in the OP and with some, like WTE, I've changed the wording to what we've seen on AAM and what is used generally in healthcare settings.

One suggestion, CFP® - Certified Financial Planner™, has IP attached to it, so I've changed that in the OP.

The entries you had queries against, I've posted with expansions as I think they have relevance here.

As for the broader use of the thread, I'll leave that up to the mods to decide. I haven't posted those entries pending their decision but my tuppence worth is that while worthy, your suggested use is a step beyond the original purpose of the thread, and one which might tend to make it unwieldy.

mathepac

 

[Brendan Burgess]

Differentiate between Stocks, Shares, Equities and Bonds?

Equities: ownership,or more specifically, the value of an ownership stake in an asset or company

Shares: investment of part ownership in a company, either public or private.

Stocks: Shares in Public listed companies listed and traded on a stock exchange somewhere in the world.

This does seem to me to be beyond the purpose of the thread and would make it very unwieldy

But maybe it's a good idea to have a simple explanation of common financial terms. More of a dictionary than a list of acronyms.

 

[mathepac]

please delete

 

[Cervelo]

and would make it very unwieldy

While I do appreciate what this thread is about and the work @mathepac is putting into it with the help of other posters
I do question the usefulness of such a thread when everybody has a search engine on the phone/tablet/computer
Anecdotally when I come across a abbreviation, a term I don't understand or a word I've never seen or used before, I just Google it
Creating a list of acronyms is one thing but a list of everything is over the top and in my mind a pointless exercise and won't be used by the vast majority of users who frequent this site

 

[demoivre]

Anecdotally when I come across a abbreviation, a term I don't understand or a word I've never seen or used before, I just Google it
Creating a list of acronyms is one thing but a list of everything is over the top and in my mind a pointless exercise and won't be used by the vast majority of users who frequent this site

Acknowledge the work that OP has put in to this but I concur with Cervelo.
Easier and quicker to highlight the abbreviation, then Google it for the explanation.
IYKYK !

 

[mathepac]

Would the mods consider modifying the existing AAM search facilities, button top right, to use our own repository, or ask XenForo to get them working properly?.

 

[Brendan Burgess]

A new thread perhaps or a link back to this free Financial Dictionary which we had in the old thread?

Apologies, I did mean in a separate thread

 

[Brendan Burgess]

I never use the AAM search facility. I just use "site:www.askaboutmoney.com list of acronyms

Quite a few people do ask on askaboutmoney "What does SCUSI mean?" so I don't think it's pointless

 

[Persia]

OTP- one time passcode