Terms with Category Financial Banking

  • Collusion Bank,
    • A secret, deceitful agreement by two or more parties to defraud others.
  • Combination Account Bank,
    • An account that is part savings and part chequing. You may write cheques and you will be paid interest if you have enough money in the account.
  • Commerce Bank,
    • The systems and activities that impact business and trade within a nation and abroad.
  • Commercial Bank (CB) Bank,
    • A financial institution that provides a broad range of services, from chequing and savings accounts to business loans and credit cards.
  • Commercial Banking Bank,
    • Commercial banking centres serve small to medium-sized businesses such as franchising, leasing and cash management services.
  • Commercial Blanket Bond Bank,
    • Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
  • Commercial Forgery Policy Bank,
    • Insurance that protects businesses from losses due to them unknowingly accepting forged or counterfeit checks as payment.
  • Commercial Loan Bank,
    • A loan taken out by a business.
  • Commercial Mortgage Bank, Very Important,
    • A mortgage for commercial property.
  • Commercial Paper (CP) Bank,
    • Unsecured notes issued by companies that mature within nine months. Generally, commercial paper is issued only by the larger and more credit worthy companies.
  • Commercial Property Bank,
    • A parcel in a district zoned for business.
  • Commingling Bank,
    • Lumping together money from different sources so the sources cannot be distinguished.
  • Commission (comm) Bank,
    • A fee paid to a salesperson for selling a product to a customer.
    • An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
  • Commissioners' Reserve Valuation Method Bank,
    • A method used to determine the minimum statutory reserves for annuities and insurance products.
  • Commitment Bank,
    • A written agreement from a lender promising to lend money on certain terms for a specified time period.
  • Commitment Fee Bank,
    • A fee paid by a borrower to a lender who promises to lend money on certain terms for a specified time period.
  • Common Law Marriage (CLM) Bank,
    • To be recognized as being married without foregoing a matrimonial ceremony.
  • Common Stock (CS) Bank,
    • A security that allocates partial ownership in a corporation, but at a lower standing than preferred stocks.
  • Community Bank Bank,
    • A bank that is locally owned and operated, but is not part of a bank holding company. Also referred to as an independent bank.
  • Commutation Bank,
    • An option given to the beneficiaries of annuities and life insurance policies that allows them to modify the frequency and size of benefit payments.
  • Compound Interest Bank,
    • Interest that is calculated by adding the interest earned in the current period to the principal and figuring the next period's interest on this "compounded" total amount.
  • Compounding Method Bank,
    • Used in Bank rate tables. These include: S--Simple interest. A--Compounded annually. H--Compounded semi-annually. Q--Compounded quarterly. M--Compounded monthly. D--Compounded daily.
  • Comptroller Bank,
    • An individual who oversees and audits the financial reporting and accounting of an organization.
  • Conditional Commitment Bank,
    • A promise by a lender to make a loan if the borrower meets certain requirements.
  • Conditional Reserves Bank,
    • Reserves that are considered liabilities.
  • Consolidate Bank,
    • To merge multiple things into one single thing.
  • Construction Loan Bank,
    • A short-term interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses.
  • Construction to Permanent Loan Bank,
    • A loan that finances the construction, then for a long-term, traditional mortgage, as distinct from a construction loan followed by a separate mortgage loan.
  • Constructive Receipt Bank,
    • The idea in which a taxpayer does not actually have to take possession of money for it to be taxable. An example of this is when savings account interest is reinvested rather than sent to the account holder as a separate payment. In this case, the account holder constructively received the interest because the earnings were credited to his account and could have been taken out at the owner's discretion. As such, the earnings are taxable.
  • Consumer Bankruptcy Bank,
    • A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage