Glossary of Abbreviations

[citizenB]

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.

[citizenB]

A

 

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

[citizenB]

B

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

Edited May 26, 2012 by citizenB

[citizenB]

C

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

Edited May 26, 2012 by citizenB

[citizenB]

D

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.

[citizenB]

E

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

[citizenB]

F

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

Edited May 26, 2012 by citizenB

[citizenB]

G

No abbreviations yet

[citizenB]

H

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

[citizenB]

I

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

[citizenB]

J

JIC.....................Just in case

[citizenB]

K

 

No abbreviations yet

[citizenB]

L

LBA...................Letter before Action

LEL....................Lower earnings limit £102 a week 2011/12 (0% rate to protect entitlements)

[citizenB]

M

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

[citizenB]

N

 

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

[citizenB]

O

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.

[citizenB]

P

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

[citizenB]

Q

No abbreviations yet

[citizenB]

R

 

No abbreviations yet

[citizenB]

S

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)

[citizenB]

T

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

[citizenB]

U

 

 

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

V

 

VAT..................Value added tax

[citizenB]

W

WCO................. Wasted Costs Order

W&O.................Widows and Orphans

WS....................Witness Statement

WTD.................Working Time Directive

WTR................. Working Time Regulations

[citizenB]

X

Y

Z

No abbreviations yet

[citizenB]

TAX FORMS

 

Forms

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