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Jargon Buster

There is a considerable amount of jargon used in local government finance. This is not a deliberate attempt to complicate the process, or to make it unintelligible to outsiders. The terminology has simply evolved as a result of the need to have tightly legally defined terms and to reduce, or eliminate, ambiguity.

This Jargon Buster covers the most commonly encountered terms in respect of local government finance. However, it does not cover the names given to specific indicators within the service block formulae.

The definitions given here are not authoritative, and reference should be made to the relevant Government Regulations in each case.

Click on a box to see a list of terms beginning with your chosen letter.