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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
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- Chartered Insurance Professionals' Society (CIP Society) — Company
- An society for FCIP and CIP graduates.
- Chartered Investment Manager (CIM) — Canada, Important
- Chartered Life Underwriter (CLU) — Canada, Important
- ➥ A professional designation demonstrating knowledge of life insurance products.
- Chartered Professional Accountant (CPA) — Canada, Important
- ➥ Certification program offered by The Canadian Institute of Chartered Accountants.
- chartered property and casualty underwriter — Definition
- A designation for professionals working in the property and casualty insurance and/or risk management fields.
- chattel — Definition
- Personal property that can be moved.
- chattel mortgage — Definition, Important
- A loan backed by movable personal property. Generally mobile or trailer homes.
- cheque (CK) — Definition
- A written order for payment of a certain amount of money.
- ➥ Bank account transaction code.
- cheque book — Definition
- A book with blank cheques. The cheques may be personalized or non-personalized.
- cheque clearing — Definition
- When you write a cheque to a person or a company, the cheque is typically cashed when deposited into a bank account. Your chequing account is then debited for the amount of the cheque and the cheque is said to have "cleared."
- cheque hold — Definition
- The length of time that a financial institution can legally hold a cheque before crediting a customer's account balance and allowing the customer to use the funds.
- cheque register — Definition
- A book or log where you can record the details of every transaction made in your chequing account.
- cheques returned with statement — Definition
- Cheques that are cancelled are returned to the account holder in a monthly statement.
- chequing account — Definition
- A bank account that allows quick access to the money in the account.
- Chief Compliance Officer [Qualifying Examination] (CCO) — Canada
- Chief Financial Officer [Qualifying Examination] (CFO) — Canada
- child support (CS) — Definition
- Monthly payments that contribute to the care of a child. Payments must be received continuously for one year to be counted toward qualifying income for a loan.
- Child Tax Credit (CTC) — Definition
- A tax break for those who claim eligible dependent children on their tax returns.
- ➥ See Canada Child Tax Benefit (CCTB).
- chronic disease management (CDM) — Acronym, Important
- CIBC Mortgages Inc. (CMI) — Company, Canada-wide, Very Important
- ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- CIBC Trust Corporation — Company, Canada-wide
- circuit breaker — Definition
- A tax credit that reduces property taxes for the elderly and permanently disabled. The credit is dependent on the amount of income earned which means the more you make, the lower the credit.
- Citizens Bank of Canada (CB) — Company Est.1997, Canada-wide, Important
- Citizenship and Immigration Canada (CIC) — Company, Canada
- City Plus Credit Union (CPCU) — Bank Est.2005, Calgary, Alberta, Canada
- claim — Definition
- A creditor's assertion of a right to payment from a debtor or the debtor's property.
- claims adjuster — Definition
- An individual who ascertains the insurer's liability after an insurance claim has been made.
- classic card — Definition
- Brand name for the standard card issued by VISA.
- classified property tax — Definition
- A local government's levy on real estate that varies depending on the use of the property. Usually, commercial property is taxed more heavily than residential property where a classified property tax exists.
- clean sheeting — Definition
- A type of insurance fraud where an individual deliberately fails to disclose a pre-existing condition in order to receive coverage, sometimes with the help of an insurance broker.
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Currently Displayed — Page 7 Chartered Insurance... — Clean Sheeting |
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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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