Israeli Personal Finance Glossary.
A reference of Israeli personal-finance terms — משכנתא, קרן השתלמות, פנסיה, קופת גמל, פריים, and more — with English definitions.
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Sample terms
- Mortgage (משכנתא) — home loan secured against the property; Israeli mortgages are composed of multiple tracks ("תמהיל").
- Index-linked mortgage (משכנתא צמודה למדד) — track where principal and interest are linked to the consumer price index.
- Prime rate (פריים) — Bank of Israel rate + 1.5%; floats with central-bank decisions.
- Education fund (קרן השתלמות) — tax-exempt employee savings, liquid after 6 years.
- Pension (פנסיה) — mandatory 18.5% retirement savings since 2008.
- Provident fund (קופת גמל) — long-term savings vehicle, typically for retirement.
- Down payment (הון עצמי) — Bank of Israel requires minimum 25% for a first home.
Full glossary with 25+ terms is available on the page after hydration.