Mortgage Glossary
Build up your knowledge by using our
mortgage glossary, here to help you
understand the sometimes confusing terms
used to describe mortgages and other
financial related products. We have
laid out our glossary in an easy to use A-Z
Format. If you have any additions you would
like to see, please feel free to contact us
with your ideas. If you are looking for
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| operating margin |
| The Turnover of a company (its sales) minus direct costs and overheads. |
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| operating profit |
| A company's profit after deducting its operating costs from gross profit. |
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| overdraft |
| A facility (usually at a bank or other financial institution) enabling an account holder to borrow up to an agreed amount and often for an agreed time. |
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