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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 underwriterDefinition
A designation for professionals working in the property and casualty insurance and/or risk management fields.
chattelDefinition
Personal property that can be moved.
chattel mortgageDefinition, 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 bookDefinition
A book with blank cheques. The cheques may be personalized or non-personalized.
cheque clearingDefinition
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 holdDefinition
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 registerDefinition
A book or log where you can record the details of every transaction made in your chequing account.
cheques returned with statementDefinition
Cheques that are cancelled are returned to the account holder in a monthly statement.
chequing accountDefinition
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 breakerDefinition
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
claimDefinition
A creditor's assertion of a right to payment from a debtor or the debtor's property.
claims adjusterDefinition
An individual who ascertains the insurer's liability after an insurance claim has been made.
classic cardDefinition
Brand name for the standard card issued by VISA.
classified property taxDefinition
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 sheetingDefinition
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.
Previous Page
Central 1 Credit UnionChartered Insurance...
 
Currently Displayed — Page 7
Chartered Insurance... — Clean Sheeting
  Next Page
Clear TitleCombination Account

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...

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