Glossary: Administration orders Assignment Arrears Assets Attachment of Benefits Attachment of Earnings Account Review Adjudication Annual Fee Attachment Account query Active account Alias Annulment of bankruptcy Arrangement to pay Association Address link Adjudications Abandonment Add on Interest Amortization Annual Percentage Rate (APR) Arrestment Asset Attachment Average life Bailiffs Balloon payment Bankruptcy Bankruptcy Order Bankruptcy Restriction Order Bankruptcy Restriction Undertaking Balance Bankruptcy Beneficial Loan Beneficiary Benefits Binding Budget Budget deficit Building Society Certificate of Satisfaction Charge for Payment Charging orders Company Voluntary Arrangement Contractual payments County Court Judgment Court Claim Form Credit file Creditors Consumer Credit License Certificate of Unenforceability CIFAS (The UK’s Fraud Prevention Service) Collateral Composition Consumer Debt Credit Credit Bureau/Credit Reference Agency Credit Fraud/Identity Theft Credit History Credit Line Credit Rating Credit Report Credit Risk Creditworthiness CAIS (Credit Account Information Sharing) CCA (Consumer Credit Association) CCJ Certificate of Satisfaction CML (Council of Mortgage Lenders) Credit protection insurance claim Cap rate Cash CEO Chief Executive Officer Citizens advice bureau CAB Classified Property Tax Creditor Currency Debt collection agency Debtor Deficit Dependent Distress Debt Counselling Agencies Delinquency (30, 60 or 90 days) Discretionary Income Disposable Income Dispute Data subject Data Subject Access request Debt assigned Debt Management Programme Deceased Decree Defaulted account Default notice Debt sold to CAIS member Debt Arrangement Debt Arrangement Discharge DAS administrator DAS approved money adviser Death Benefit Debt Debt Capital Debt consolidation Debt-equity swap Debt Free Me Debt payment program (DPP) Debt relief Debt Wizard Debtor Debtor's Petition Deduction Demand Diligence stopper Direct debit Disclaimer Discounted loan Dyled Earnings Arrestment Equity Ex partner (also known as 'without attendance') Equifax Plc Electoral roll Earnings Earnings arrestment Endowment Entitlement Final discharge Fraud Fast Track Voluntary Arrangement FLA (Finance & Leasing Association) Fee Final Salary Finance Flexible Mortgage account Frozen account Funds Guarantees Grace Period Gross Monthly Income GAIN (Gone Away Information Network) Gone Away Gold Card Grace period Grant Grantee Gross Income Growing Equity Mortgage (GEM) Guarantee Hire Purchase Home Equity Loan/Equity Loan/Second Mortgage Hidden asset High equity Hire purchase (HP) Holder Income Payments Order Informal Arrangement Insolvency Insolvency practitioner Identity Theft Instalment Loan Interest Interest Rate Individual Voluntary Arrangement Information Commissioner's Office Income Payment Order Income Payment Agreement Inhibition Inhibition dismissed Interim Bankruptcy Restriction Order Interim Bankruptcy Restriction Undertaking Insolvency Service Incapacity benefit Income Money Income tax Inland Revenue Insolvent Instalment Insured Mortgage Interest Interest Cap Interest Rate Judgment Joint & Several Liability Joint Joint account Joint liability Late Fee Lien Line of Credit Linked address London Gazette Late charge Laundry (money) Lease Legacy Lender Liability Liability Insurance Life assurance Liquid Assets Liquidated Damages Loan Loan Account Loan Policy Loan ratio Loan Sharking Lower earnings limit Limited (LTD) Lump Sum Levy Liabilities orders Liquidation (also known as "winding-up") Mortgage Debts Maximizing income Money adviser Money Broker Mortgage Mortgage Broker Mortgage Protection Notice of Correction (NOC) Notice of Dispute National Debt National Insurance Negative equity Negotiable Net/after deductions Net assets Net Income Nominee Notarization Notary Public Official Receiver (or Trustee in Bankruptcy) Open Account Order of Discharge Official Receiver Order of Discharge Obligation bond Ombudsman Open end mortgage Ownership Open interest Proof of debt form Property restriction Pro-Rata Proxy Permissible Purpose Personal Line of Credit Principal Public Record Partial settlement Phone live/disconnected/barred Pass book Partial Release PAYE (Pay as your earn) Payment Cap Pension Mortgage Personal allowance Personal Equity plan Personal Income Personal Loan Personal possessions Postal Account Pound cost average Power of attorney Privatization Property Tax Quotation search Query Quick assets Right to Off-Set Revolving Balance Revolving Charge Account Recourse Revolving credit Registry Trust Ltd Repossession Real Asset Receiver Remortgage Repayment Mortgages Revenue Account Reverse Mortgage Roll over mortgage Secured Debt Statutory demand. Surplus Income (Available Surplus) Secured Credit Card Service Charge Sequestration Settled accounts Status history Section 7 Request Searches Salary Savings account Second Mortgage Secured loan Self assessment Sole trader Standing order Surplus income Time orders Token Payments Transactions at an Undervalue Trustee Tax Lien Term Tax credits Tax Codes Taxable earnings Third Party Trustee Trust deed Trustee in bankruptcy Trustor Unsecured Debt Unrecorded enquiry Unsecured creditor Unsecured Loan Variation orders Voluntary Arrangement Voluntary Termination Value Variable interest rate Wrap around mortgage What is a Default notice
Surplus Income (Available Surplus) This is the amount you are left with if you subtract all your living expenses (housing costs, food, travel, clothing insurances etc.) from your incomes (wages, pensions, benefits etc). This is the amount of "surplus income" available for the creditors.
