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EAR - Equivalent Annual Rate: the Equivalent Annual Rate (EAR) is used for overdrafts. It shows the effect of interest accruing on interest, in a situation where no repayments to the borrowing are made in a year. This allows you to compare rates across different organizations. The calculation does not include fees or other charges which are quoted separately.

Early Repayment Charge: some mortgages carry an Early repayment charge in return for the benefits they offer. If your mortgage has an early repayment charge, you will be charged if you repay all or a large part of your mortgage early on, or if you choose to switch deals. Where there is no early repayment charge period or it has expired you can repay the mortgage in full or in part whenever you want.

Encryption: it is used to scramble information to protect it from those who aren’t authorised to access it.