Glossary of Abbreviations
By citizenB, May 26, 2012 in FAQs
citizenB 10,105
More and more of the discussions in threads on the forum use common abbreviations for terms specific to banking and this site.
Here is a list of the most commonly used terms.
Uploading documents to CAG ** Instructions **
Looking for a draft letter? Use the CAG Library
Dealing with Customer Service Departments? - read the CAG Guide first
1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -
2: Take back control of your finances -
Debt Diaries
3: Feel Bullied by Creditors or Debt Collectors?
4: Staying Calm About Debt
5: Forum rules - These have been updated -
BCOBS
How can BCOBS protect you from your Banks unfair treatment
2: Does your Bank play fair - You can force your Bank to play Fair with you
3: Banking Conduct of Business Regulations - The Hidden Rules
4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly
5: Fair Treatment for Credit Card Holders and Borrowers - COBS
Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.
PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D
ACAS.................Advisory, Conciliation & Arbitration Service
AFAIK................As Far As I Know
AMP..................Additional Maternity Pay
AML..................Additional Maternity leave
AN....................Arrears Notice
AO....................Accounts office
APP...................Appropriate personal pension
APPSHP.............Appropriate personal pension stakeholder pension
AMAPS..............Approved mileage allowance payments
Edited May 26, 2012 by citizenB
BAG..................Bank Action Group (Another name for CAG)
BBA..................British Bankers Association
BCOBS..............Banking: Code of Banking Regs
BIK....................Benefits in kind
BR.....................Bankruptcy
BRB ..................Be Right Back
BTW..................By the way
BUMP................Bring up my posting – Used to bring thread to top of list
CA.....................Compromise Agreement
CAB...................Citizens Advice Bureau
CAG..................Consumer Action Group
CC ....................Credit Card
CCA...................Consumer Credit Agreement / Application
CCA................... Consumer Credit Act 1974
CCCS................. Consumer Credit Counselling Service (a free DMP service)
CCJ.................... County Court Judgment
CD..................... Constructive Dismissal
CIFAS................. Fraud Prevention Service ....................-...Website
CIS..................... Construction Industry Scheme (for subcontractors)
CGT...................Capital Gains Tax
CMD..................Case Management Discussion
CO.................... Charging Order
COBS.................Credit Card holders and Borrowers
COMB................Contracted out mixed benefit
COMP................Contracted out money purchase
COMPSHP..........Contracted out money purchase stakeholder pension
COSR..................Contracted out salary related
COT3..................ACAS arbitrated settlement
CPA....................Continuous Payment Authorities
CPR................... Civil Procedure Rules
CR..................... Credit (balance)
CRA....................Credit Reference Agency
CRB.................. Criminal Records Bureau
CRF................... Credit Reference File
CSL.................... Collection of Student Loans (income contingent from 6 April 2000)
CSP.................... Company Sick Pay
DCA.................. Debt Collection Agency
DD.................... Direct Debit
DJ..................... District Judge/ Default Judgment
DMP................. Debt Management Plan
DPA.................. Data Protection Act 1998
DDA.................. Disability Discrimination Act 1995 - Superseded by - EA - Equality Act 2010
DLA................... Directors' loan account
DMB................. Debt management & Banking
DN.................... Default Notice
DoA.................. Deed of Assignment
DRO..................Debt Relief Order
DQ Directions Questionnaire.
ET..................... Employment Tribunal
EAT................... Employment Appeals Tribunal
ER (or EER)........Employer
EE (or EEE)........Employee
EA.....................Equality Act 2010 – replaces DDA 1995
EDT................... Effective Date of Termination
ET1................... Form used to file a complaint to an ET
ET3................... Form used for employer's response to the ET1
ERA (1996).......Employment Rights Act
EDI.................... Electronic Data Interchange
ESC................... Extra Statutory Concession
ESI.....................Employment Status Indicator
ETS................... Employment Tribunals Service
EH.....................Environmental Health
EWC................. Expected Week of Confinement (or Childbirth)
ETO.................. Economic, Technical or Organisational (used by an employer to justify a potentially lawful act in connection with some forms of dismissal)
E-CRB............... Enhanced CRB Check
EHRC................ Equality & Human Rights Commission
ECHR................ European Court of Human Rights
FA.....................Finance Act
FAQ's ...............Frequently Asked Questions
FOS.................. Financial Ombudsman Service
FoT................... Free of tax
FSA................... Financial Services Agency
FWIW ...............For What It's Worth
No abbreviations yet
HRA..................Human Rights Act 1998
HR....................Human Resources
HSAWA............Health and Safety at Work Act
HRA................. Human Rights Act
HSE...................Health & Safety Executive
HTH................. Hope This/That Helps
I&E................... Income and Expenditure.
ICO...................Information Commissioner's Office
ICTA.................Income and Corporation Taxes Act
IHT....................Inheritance Tax
IMO.................. In my opinion
IMHO............... In my humble opinion
IT...................... Income Tax
ITEPA................ Income Tax, Earnings and Pensions Act
ITTOIA.............. Income Tax (trading and other income) Act
IVA................... Individual Voluntary Arrangement
JIC.....................Just in case
LBA...................Letter before Action
LEL....................Lower earnings limit £102 a week 2011/12 (0% rate to protect entitlements)
MARORS...........Mileage allowance relief Optional reporting scheme
MCOBS.............Mortgage Conduct of Business Sourcebook/Rules
MCOEMP..........Manual Correspondence to employer
MCOL................Money claim Online
MCOTP............ Manual Correspondence to taxpayer
MMA............... Motor mileage allowance
MSC................. Managed Service Company
MSE..................Money Saving Expert
NDL.................. National Debt Line
NI......................National Insurance
NMW............... National Minimum Wage
NMWA.............National Minimum Wage Act (1998)
NUS .................National Union of Students
NoD................. Notice of Discontinuance./ Notice of Default
NoA................. Notice of Assignment
N9b.................. Defence & Counter Claim
N9a..................Admission
Edited August 13, 2014 by citizenB
OC..................... Original Creditor
OCCP................ Occupational Pension
OFT.............. Office of Fair Trading
.OML................. Ordinary maternity Leave
OP Original Poster (the person who begins a new thread/topic – the thread/topic owner)
OP.
PaP.................. Pre Action Protocol
PAYE................ Pay as you earn
PHR................. Pre hearing Review
PILON.............. Pay In Lieu Of Notice
POC................. Particulars of Claim
PMI................. Private Medical Insurance
PPI.................. Payment Protection Insurance
PSA................. PAYE settlement agreement
PT....................Primary threshold - £139 a week 2011/12 (point at which employee deductions commence
SA...................... Self assessment
SAP.................... Statutory Adoption Pay
SAR.................... Subject Access Request – Data Protection Act 1998
SaS..................... Set a Side
SATR.................. Self Assessment tax return
SCC.................... Small Claims Court
S-CRB................. Standard CRB Check
SDLT.................. Stamp Duty Land Tax
SERPS................ State earnings related pension scheme.
SHP................... Stakeholder pension
SI........................Statutory Instrument
SJ.......................Summary Judgment
SMP...................Statutory Maternity Pay
SO .....................Standing Order
SOC....................Schedule of Charges
SOP................... Statement of Particulars
SoT................... Statement of Case
SOSR..................Some Other Substantial Reason - A potentially fair cause for dismissal, normally indicating a Breakdown of trust
SPP.................. Statutory Paternity Pay
SSP...................Statutory Sick Pay
ST.....................Secondary threshold - £136 a week 2011/12 (point at which employer deductions commence)
TAS.................. Taxed award scheme
T&S..................Travel and subsistence
TMA.................Taxes Management Act
TN....................Termination Notice
TO....................Time Order
TRONC.............Tips received on net collection (scheme for tips/gratuities)
TUPE................Transfer of Undertakings (Protection of Employment) Regulations
TU....................Trades Union
UD................... Unfair Dismissal
UAL..................Upper earnings limit £817 per week 2011/12 - point at which primary contribution rate reduces to 2%
UAP.................Upper accrual point £ 770 per week 2011/12 - Threshold for calculation of state .second pension and contracted out rebates
VAT..................Value added tax
WCO................. Wasted Costs Order
W&O.................Widows and Orphans
WS....................Witness Statement
WTD.................Working Time Directive
WTR................. Working Time Regulations
P2..................Employee notice of coding
P6..................Employer notice of coding
P11D.............Return of employee benefits/expenses
P14/P60........End of year summary showing total of employees pay/tax/NIC and statutory payments
P38(S)...........for use when students are employed during recognised UK holidays
P45..........-... for use when an employee leaves and starts a job
P46..............-for use when a new employee does not produce a P45 on commencement of employment
P46 (car).......advance details of car/fuel provided
P46 (ex pat) -for use when an employee is seconded to work in the UK
P46 (pen) ----for use when someone is starting a pension