Information you can use

What’s the difference between an “Investment Reference” and a dictionary? Being a journalist, I’m constantly checking I’m using the right words. Dictionaries do a good enough job of explaining the meaning of things, but its not always clear how a practicing investor should apply that definition.

Moneyterms, which describes itself as an “Investment Reference”, takes that extra step.  I recently needed to look up “banking covenants”, the agreements companies make with their creditors. Graeme Pietersz, the investment analyst who built the Moneyterms site, gives the definition and goes on to explain:

1. Typical terms companies agree, to secure loans and…
2. What happens when companies breach the covenants

That’s information you can use, and I find myself reaching for the dictionary (and the many financial books on my shelves) far less often now I’ve found Moneyterms.