Perhaps the greatest love affair on earth is that between financial firms and their jargon. Indeed, in The Devil’s Dictionary Of Money, Your Financial Jargon Buster and What They Say – And What They Mean, I warned Fool readers to be very wary of the gibberish and mumbo jumbo which financial companies use as part of their ‘confusion marketing’.
As we know, a mug punter who doesn’t understand the rules of a gamble is a prime target to be ripped off. Equally, if you don’t understand the language of finance, then you’re at risk of being taken for a ride. Thus, you need to know at least a little vocabulary before you start shopping around for financial products….
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