Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®


GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Commissioners' Reserve...Comprehensive Insurance
 
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Comptroller — Consolidated Credit...
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Consolidated Net...Contributory Negligence
comptrollerDefinition
An individual who oversees and audits the financial reporting and accounting of an organization.
computer-aided design (CAD) — Acronym
computer-aided design and drafting (CADD) — Acronym
concealmentDefinition
The act of lying or omitting information when applying for insurance coverage.
Concentra Financial Services — Company, Canada-wide
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
concurrent causationDefinition
If there is more than one cause of damage in an insurance claim and one cause is covered while the other is not, the insurer is obligated to cover the loss.
concurrent insuranceDefinition
Multiple insurance policies that cover the same exposure.
concurrent periodsDefinition
When a patient requires treatment for more than one ailment at a time, all insurance benefits are paid together.
condemnationDefinition
The act of condemning (as land forfeited for public use) or judging by a government to be unfit for use.
conditional commitmentDefinition
A promise by a lender to make a loan if the borrower meets certain requirements.
conditional reservesDefinition
Reserves that are considered liabilities.
conditional sale (C/S)Definition
An agreement between the buyer and seller in where certain conditions must be met before the property sale can be finalized.
conditional sales floaterDefinition
Insurance that covers losses on property sold conditionally or on an instalment plan.
conditions, covenants, and restrictions (CC&R, CCR) — Acronym
condominium (condo)Definition
A structure of two or more housing units. The interior space of the units are individually owned. The balance of the property (land, building and other amenities) is owned in common by the owners of the individual units.
condominium conversionDefinition
When an existing building such as a rental project changes to the condominium form of ownership.
condominium feesDefinition
Monthly maintenance fees paid for by condo owners. It is used to cover the cost of repairs, landscaping and building amenities.
Conduct and Practices Handbook (CPH) — Canada
A study in understanding the rules, regulations, practices and ethics for investment advisors or representatives.
  ➥  An investment advisor course.
CONEXUS Credit Union — Bank, Saskatchewan, Canada
Conference for Advanced Life Underwriting (CALU) — Canada
confining conditionDefinition
Any medical condition that forces an individual to stay confined to a single location.
conforming loanDefinition
A mortgage that is eligible for purchase or securitization by one of the government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae (US mortgages only). Requirements include size of the loan, type, and age
confusio-lexicon maximusDefinition
The rescinding of language in process when none is making nonsense less and therefore incurred but not reported deficiencies in mental capacities are not apparently un-obviously imposed.
consent judgementDefinition
A judge's legally binding approval of a written agreement by the parties of a lawsuit.
consequential lossDefinition
The financial loss that occurs due to an entity's inability to use an asset or property.
considerationDefinition
A thing of value that is negotiated as part of a contract.
consignment insuranceDefinition
Insurance for assets on loan, consignment, in transfer of ownership, or up for auction.
consolidateDefinition
To merge multiple things into one single thing.
consolidated balance sheet (CBS) — Acronym, Important
Consolidated Credit Counseling Services of Canada (CCCSC) — Company Est.2005, Canada
Previous Page
Commissioners' Reserve...Comprehensive Insurance
 
Currently Displayed — Page 11
Comptroller — Consolidated Credit...
  Next Page
Consolidated Net...Contributory Negligence

Search the Glossary

Index for The Letter 'c'

Page 1: Caisse populaire
Canadian Apartment...
Page 2: Canadian Association of...
Canadian Information Centre...
Page 3: Canadian Institute for...
Canadian Securities...
Page 4: Canadian Society of...
Card Identification Number
Page 5: Card Validation Code
Ceding Party
Page 6: Central 1 Credit Union
Chartered Insurance...
Page 7: Chartered Insurance...
Clean Sheeting
Page 8: Clear Title
Combination Account
Page 9: Combined Loan-to-Value
Commissioner for Federal...
Page 10: Commissioners' Reserve...
Comprehensive Insurance
Page 11: Comptroller
Consolidated Credit...
Page 12: Consolidated Net Operating...
Contributory Negligence
Page 13: Controlled Growth
Cost of Insurance
Page 14: Cost of Living Adjustment
Credit Life Insurance
Page 15: Credit Limit
Current Loan-to-Value Ratio
Page 16: Current Market Value
Customer Relationship...

Notable Terms

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