As with many fields, the financial world is full of jargon and industry-specific terms that are used on an everyday basis. If you’re planning a career in the finance sector, it’s worth learning some of these terms in case they come up in an interview.
Understanding the specific terms relating to your field and using them correctly allows you to communicate in the appropriate manner when writing and speaking. It will also present you as knowledgeable and help others to have confidence in your abilities and experience.
Generally, you can divide financial terms into three specific types - banking, accounting and corporate. While some may appear across all sectors, each field has its own terms used to describe specific tasks or actions relating to it. To help, you’ll find more information on each below, including definitions of the most important terms.