Administrative Financial Platform
An online platform used to buy and sell shares in various managed funds. Benefits include the ability to see summary information about your investments and consolidated information for tax reporting. The financial advisor charges a commission depending on the amount invested through the platform.
Prepayment Fraud
Fraud, in which you are persuaded to pay a fraudster and promise huge rewards in return. Also known as the "Nigerian scam".
AFS License
The Australian Financial Services License (AFS) issued by ASIC
allows people or companies to legally engage in financial services, including selling, advising or dealing with financial products.
Age pension
Regular two-week payment from the state upon reaching retirement age. To receive a pension, you must meet certain criteria. This is a safety net.
Agreed cost
Auto insurance policies are based on "agreed" or "market" value. In accordance with the agreed cost policy, a certain dollar value is set for your car. The Market Value Policy evaluates your car based on make, model and condition. The agreed value is usually higher than the market value.
Annual Interest Rate (APR)
The interest rate charged to the borrower, with the exception of expenses such as fees for opening and maintaining an account. The annual interest rate is the base cost of your loan as a percentage of the total loan amount. Please note that even one credit card will have more than one annual interest rate - one for purchases, one for cash advance and one that is charged in case of late payment.
Rent
An investment purchased for a lump sum that guarantees the payment of a fixed income either for an agreed number of years or for a lifetime. As a rule, your money is locked for a certain period or for life, although some annuities allow for early withdrawals or for "residual capital value". At the end of the specified period, there was no capital left. Income payments can be indexed every year, often in accordance with inflation. Some annuities allow for refundable beneficiaries. Slothunter is a popular demo game that is loved by many users. It has the classic principles of the game, but is complemented by bonus features and special characters.
