Great 'What Terms Don't You Know?' Hunt

melancholly · 27 March 2008 at 12:04PM

i think it might help to have the difference between unlawful and illegal defined (as far as reclaiming charged goes) - just because it can be a flash point for arguements if the wrong one is used and although i have a feel for it, i don't think i could put in one sentence how they're different.

leaphaze · 27 March 2008 at 2:45PM

ra2000 wrote: »

I can help you on this one : both terms refer to the stock market (ie the dealing in stocks and shares)

A Bear market is when people are SELLING their shares - basically they fear the market is falling and want to get out quick.

A Bull market is when people are BUYING shares - basically they feel the shares are undervalued and want to buy in as they see these shares cheap.

A simple way to think of the difference as they can be confusing is to look at the second letter in each :
b E ar = s E ll
b U ll = b U y

Interesting way to remember.

What I want to know is where these terms originated - and why?

Bokkens · 27 March 2008 at 3:40PM

'What Terms Don't You Know?' by definition people won't know the terms that they don't know.
Here is a few I hope they will help others understand their circumstances.

Actuaries,Adverse Selection,AER,APR,Annuity,Asset allocation decisions,Assets,Asymmetric information,Bankruptcy,Bear market,Black monday,Bond,Bridging loan,Broker,Budget,Bull martket,Capital gains tax,Cash flow statement,CSA,Compounding,Conspicuous consumption,consumer society,Consumer soverignty,Co-operative,Council tax,Credit,Credit crunch,Current asset ratio,Cyclical,Debt,Debtor,Defined benefit,Dependant child,Diversification,Dividends,Economies of scale,Equity release scheme,Equity withdrawal,Equity,Equivalised,Ethical investment,EEA,Excess,Financial balance sheet,Financial constraint,Financial exclusion,Financial intermediaries,Fixed cost,Flat rate,Friendly societies,Funded scheme,Gilts,Graduate earning premium,GDP,Gross income,Heuristics,HMCR,Housing associations,Household reference person,,Household saving ratio,Human capital,Income tax,Income,IFAs,Independant risks,ISAs,Inflation,Informal economy,Inheritance tax,Insolvency,IPT,Insurance,Interest rate,Interest,Interest only mortgage,Intestate,joint tenants,KFI,Liability,Liberalisation,Liquid assets,LTV,Market timing,Means tested,Mis-selling,Moral hazard(Ins),MIG,Mortgage,National insurance(NI),Negative equity,Net income,Net savings,Net worth,Occupation,Occupational pension,Opportunity cost,Other things being equal,Overdraft,Owner occupation,Paid employment,Pension,PAYG pension scheme,Pensioner,Peril,Personal pension,Portfolio,Pound cost averaging,Premium bonds,Prime market,Prime lenders,Principle sum,Private pension,Probability,Productivity,Progressive tax,Pure risk,Recession,Redistribution of income,Registered civil partner,Register social landlords(RSL's),Renting,Repayment mortgage,retirment,Right to buy,Risk society,Risk,Risk aversion,Savings,Secured debt,Self insurance,Shares,Small print,Social class,Social norms,Social status,Stamp duty,Standard of living,State additional pension,State pension age,State pension,Status symbol,Stock market,Stock market crash,Sub prime,Symbolic consumption,Tennants in common,Term,Time preference,Trade off,Transferable skills,Trusts,Uncertainty,Un skilled,Unit trusts,Unpaid work,Unsecured debt,Utmost good faith(insurance),Welfare state,Working life,Write off,
That's it my head aches.

Edinburghlass_2 · 27 March 2008 at 3:50PM

melancholly wrote: »

i think it might help to have the difference between unlawful and illegal defined (as far as reclaiming charged goes) - just because it can be a flash point for arguements if the wrong one is used and although i have a feel for it, i don't think i could put in one sentence how they're different.

I thought I would consult the "oracle" Martin and had a read through his articles but he is just as confusing

The way I view it is the amount charged by banks is unlawful but charging is not illegal

Bokkens · 27 March 2008 at 3:53PM

melancholly wrote: »

i think it might help to have the difference between unlawful and illegal defined (as far as reclaiming charged goes) - just because it can be a flash point for arguements if the wrong one is used and although i have a feel for it, i don't think i could put in one sentence how they're different.

They aren't different they both mean the same a breaking of a law or accepted rule.
Collins dictionary states;
1/Forbidden by law,unlawfal,illicit.
2/Unauthorised or prohibited by a code of official or accepted rules.

MSE_Martin · 27 March 2008 at 10:32PM

Just to quickly say the difference beween unlawful and illegal in common parlence is

Unlawful applies to civil offences
Illegal criminal ones.

Thus you can unlawfully break a contract but it isn't a crime so its not illegal

martin

nelly_2 · 27 March 2008 at 11:57PM

I dont know what your eventual plan for this post is, but, it should end up in a prominant position on the front page as a thread so anyone who comes up with a new one can post it.

and have a dedicated member of the crew check the thread once a day-ish (when I say dedicated I mean if its one person, they will know if SOA has been mentioned again so they can ignore it if they know its allready there) we all know people just post stuff without searching first.

horsewidow · 28 March 2008 at 6:52PM

Its easy actually.
Unlawful is against the law, as in law of the land
Illegal is a sick bird of prey.

Hope this clears things up.

DdraigGoch · 4 April 2008 at 4:22PM

Please can someone explain what the AQA stands for - it seems to be an income of some sort, but I really can't work it out!

Thanks in advance
DG

bestpud · 4 April 2008 at 6:33PM

I think it would be handy to have the different benefits in the glossary.

As in WTC (working tax credits) and IB (incapacity benefit), for example, but there's loads more.

I know them myself but it's common for people to ask what they are so I'm guessing many don't.

DG - AQA is a site which pays people for answering questions typed in by other users. People on here have made a fair amount of money by doing this in their own time but you have to pass a test I think. There is a thread about it somewhere if you search the forums - I can't think where it is right now.

Edited to add a link to the AQA website: http://www.63336.com/ The threads appear to be on the debt free wannabe thread. HTH

Unless there is another use of it on here?

Great 'What Terms Don't You Know?' Hunt

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free