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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Daily Periodic Rate — Defendant
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Deferred Acquisition...Designated Appraiser...
daily periodic rate (DPR) — Acronym
date of birth (DOB) — Acronym
date of last activity (DOLA) — Acronym
days on market (DOM)Definition, Very Important
The period between listing and sale, or listing and a property being taken off the market.
death & disability (D&D) — Acronym, Important
  ➥  A life insurance policy rider.
death benefit (DB)Definition, Very Important
A payment or series of payments made to the beneficiaries of a life insurance policy.
  ➥  An amount paid to a beneficiary in a life linsurance policy.
debitDefinition
Another name for withdrawal of funds from your account.
debit bureauDefinition
A service used by banks that eventually tracks account opening and closing information, cheque order history, cheque writing history, any history of collection activity on unpaid accounts, frequency of debit and ATM card use and household demographics. Under the system, when a consumer gives a cheque to a participating retailer, the individual's account is identified by punching a code into a computer or swiping a card containing a magnetic strip or microchip through an electronic reader, which tells the retailer whether to accept or reject the transaction.
debit card (DC)Definition, Important
A payment card that is linked directly to a customer's bank account. Some cards require a personal identification number. Others require a customer's signature. A PIN-based or direct debit card removes a purchase price from a customer's chequing account almost immediately. A signature-based or deferred debit card has a Visa or MasterCard logo and removes the purchase price from a customer's bank account in two or three days.
debris removal provisionDefinition
A property insurance policy provision that can pay for the costs of cleaning up debris resulting from insured damages.
debtDefinition
Money one person or firm owes to another person or firm.
debt consolidationDefinition
The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It's also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.
debt coverage ratio (DCR) — Acronym, Important
debt exchangeable for common stock (DECS) — Acronym
debt issuesDefinition
The issuance of bonds or other forms of debt on the public markets.
debt service ratio (DSR) — Acronym, Important
debt service reserve fund (DSRF) — Acronym
debt to income (DTI)Definition, Important
The percentage of an individual's income that is used to repay debt.
  ➥  A ratio used by mortgage lending underwriters when determining an individual's credit worthiness and their ability to service a mortgage loan.
debt-to-income ratioDefinition
The percentage of an individual's income that is used to repay debt.
debt/equity ratioDefinition
A comparison of debt and equity used to measure the health of a business.
debtorDefinition
A person who has filed a petition for relief under the bankruptcy laws.
declining life insuranceDefinition
Life insurance with a decreasing death benefit, often used to insure mortgage debt.
decreasing term life insuranceDefinition
A Term life insurance policy with benefits that decrease each year as the policyholder ages.
dedicated loan origination and servicing (DLOS) — Acronym
deductibleDefinition
A payment that a policyholder must make before an insurer is required to provide benefits.
deductionsDefinition
Expenses the government allows you to subtract from your taxable income. If you have taxable income of $31,000 and deductions of $4,000, then you would figure how much tax you owe on the difference -- $27,000.
deed (D)Definition, Very Important
A document that provides title to property and is filed with a country recorder.
  ➥  Used to transfer ownership of assets, often land or automobiles.
deed to secure debt (DSD) — Acronym
defaultDefinition
When a borrower fails to fulfill the obligations of a loan or lease.
defendantDefinition
The accused party in a lawsuit or criminal trial.
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Daily Periodic Rate — Defendant
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Deferred Acquisition...Designated Appraiser...

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Defendant
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