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Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
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Currently Displayed — Page 3 Additional Property — Aggregate Stop Loss |
Next Page Agreed Boundary — American Growth Fund |
- additional property — Definition
- A property that is owned by the person that is not being financed.
- adequacy of coverage — Definition
- An assessment of how well an entity's property and assets are insured against potential losses.
- adjustable rate preferred stock (ARPS) — Acronym
- adjusted balance — Definition
- A method used by some card issuers in which they subtract all payments made during the month, then add the finance charges.
- adjusted basis — Definition
- The amount you use to determine your profit or loss from a sale or exchange of property.
- adjusted cost base (ACB) — Canada, Important
- adjusted cost basis — Definition
- The amount paid for an item, plus the amount paid for improvements, minus losses and depreciation. When the owner sells the item, the difference between the sales price and the adjusted cost basis is the profit or loss.
- adjusted debit balance (ADB) — Acronym
- adjusted net worth (ANW) — Acronym
- adjusted operating cash flow (AOCF) — Acronym
- adjusted operating profit (AOP) — Acronym
- adjustment period — Definition
- The time between changes in the interest rate in an adjustable-rate mortgage.
- administrative service contract (ASC) — Acronym
- administrative services only (ASO) — Acronym
- Advanced Estate Planning and Trust Strategies (AETS) — Canada
- Advanced Investment Strategies (AIS) — Canada
- Advanced Retirement Management Strategies (ARMS) — Canada
- adverse possession — Definition
- A means of getting title to land by using it without the objection of the title holder.
- adverse use — Definition
- Use of someone's property without permission.
- Aetna Life Insurance and Annuity Company (ALIAC) — Company
- affidavit — Definition
- A written statement sworn to before an authorized official such as a notary public, or commissioner for oaths.
- affinity card — Definition
- A credit card (usually Visa or MasterCard) that has a promotion arrangement with an affiliated organization (often a charity or non-profit group). The logo of the group appears on the card and the group usually gets a percentage of the sales made on the card.
- after repair value (ARV) — Acronym
- An approximation of a property's market value after needed repairs or renovations are made.
- ➥ Similar to Fair Market Value.
- aged trial balance (ATB) — Acronym
- A ledger style view of client transactions usually showing accounts receivable or outstanding amounts sorted by date.
- agency (agcy) — Definition
- A relationship between two parties -- a client and an agent -- in which the agent represents the client in transactions with a third party.
- agency closing — Definition
- The use of a title company to supervise the meeting where the property is transferred and mortgage is settled.
- agent (agt) — Definition
- A person who acts on behalf of another. In real estate, an agent is a person who conducts transactions on behalf of sellers and sometimes buyers.
- AGF Trust Company — Company Est.1988, Canada-wide, Important
- ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- aggregate limit of liability — Definition
- A restriction on the amount of liability an insured entity can place on an insurer in a specific time period.
- aggregate stop loss (ASL) — Acronym
Previous Page Accredited Mortgage... — Additional Principal... |
Currently Displayed — Page 3 Additional Property — Aggregate Stop Loss |
Next Page Agreed Boundary — American Growth Fund |
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Index for The Letter 'a'
Page 1: | Abandonment — |
Accounts Receivable/Accounts... | |
Page 2: | Accredited Mortgage Broker — |
Additional Principal Payment | |
Page 3: | Additional Property — |
Aggregate Stop Loss | |
Page 4: | Agreed Boundary — |
American Growth Fund | |
Page 5: | American National Standards... — |
Annuity Certain | |
Page 6: | Annuity Consideration — |
Assessment Rolls | |
Page 7: | Assessments — |
Audit | |
Page 8: | Auditing and Assurance... — |
Aviation Easement |
Notable Terms
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