Understand the terms we use

Independent Financial Advice Terms

Claim Incurred

Claims that have occurred prior to the end of the reporting period, whether reported or unreported at the end of the reporting period.

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Contingent Rent

That portion of the lease payments that is not fixed in amount but is based on the future amount of a factor that changes other than with the passage of time (eg percentage of future sales, amount of future use, future price indices, future market rates o

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Costs of Disposal

Incremental costs directly attributable to the disposal of an asset, excluding finance costs and income tax expense.

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Deferred Tax Assets

The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; ...

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Financial Position

The relationship of the assets, liabilities and equity of an entity, as reported in the balance sheet [statement of financial position].

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Independent Financial Adviser

A financial adviser who practices without incentive and conflicts due to a unique ownership structure.

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Market Risk

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk.

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