Glossary
Repayment
The full or partial settlement of a debt. The settlement of a debt in full or in part. Typically, the borrower makes payments of principal and interest on a loan or other obligations to a financial institution according to a pre- prepared repayment schedule, most often through monthly instalments.
Repayment Schedule
A pre-prepared schedule that specifies the amount and due dates of all instalments on a loan or credit over its entire repayment period. The plan shows the amount of each payment, its allocation between principal and interest, and the outstanding balance after each instalment.
Replacement Value
The basis for calculating compensation, where the compensation amount is sufficient to restore the damaged or destroyed property.
Retailer - glossary for children
A person or shop that buys goods from producers or wholesalers and sells them directly to people for personal use.
Retail Price - glossary for children
The price customers pay in shops.
Return on Investment (ROI)
A financial ratio that measures the profitability or efficiency of an investment by comparing the net gain or loss generated from the investment relative to its initial cost. It is typically expressed as a percentage and used to evaluate the performance of an investment or to compare the efficiency of several different investments. The main factors affecting return are presented in a standardized form through the "Key Information Document."
Revolving Credit
A type of flexible credit that provides the holder with a predetermined credit limit, which can be used repeatedly, as repaid amounts automatically restore the available limit. The most common form of revolving credit is the credit card.
Risk Coverage
The part of an insurance policy that specifically defines the types of events (risks) against which protection is provided. It includes a list of insured risks (e.g., fire, flood, accident), the conditions under which these risks are considered insurable, and any applicable limits for individual risks. Risk coverage can be basic or extended, depending on the agreement between the insurer and the insured.
Risk - glossary for children
The possibility that something unwanted or unexpected may happen as a result of an action.
Risk Profile
An assessment of a specific investor’s willingness and ability to take financial risks in order to determine investment instruments suitable for them. The analysis considers three main dimensions of risk: the first two are financial metrics, and the third is a psychological characteristic.
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