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Canadian Financial, Real Estate and Mortgage Glossary

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flexible credit line (FCL) — Acronym
flexible retirement annuity (FRA) — Acronym
flexible-payment mortgage (FPM) — Acronym
The amount of time the bank takes to clear or reject a cheque for payment
floater insuranceDefinition
Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
floating rate note (FRN) — Acronym
flood insuranceDefinition
An insurance policy that provides coverage for the damages resulting from flooding. Canadian homeowners are currently unable to purchase flood insurance.
flood plain (flpl)Definition
Land that is prone to inundation.
florida roomDefinition
An enclosed porch built on the back or side of a house, sometimes air-conditioned.
for rent by owner (FRBO) — Acronym
for sale by owner (FSBO)Definition, Very Important
An arrangement by which a house's owner tries to sell the house without hiring a real-estate agent. Owners do this to avoid paying a commission.
  ➥  Can save the seller money by forgoing realtor fees.
for your information (FYI) — Acronym
Delaying foreclosure, usually because the borrower has arranged to pay the amount in arrears.
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
foreign accrual property income (FAPI) — Canada
foreign currency (FCY)Definition
Paper money and coins from other countries.
foreign currency convertible bond (FCCB) — Acronym
foreign currency exchange (FCE) — Acronym
foreign currency non-resident (FCNR) — Acronym
Bank account for cross border and international trade.
foreign currency surchargeDefinition
A fee charged by a credit card company for purchases made in a foreign currency.
foreign exchange (F/X, FE, FOREX, FX)Definition
Various instruments used to settle payments for transactions between individuals or organizations using different currencies (e.g., notes, cheques, etc.).
  ➥  Bank account transaction code.
foreign exchange station (FXS) — Acronym
foreign investmentDefinition
Investing money into a business in another country.
foreign investment advisory service (FIAS) — Acronym
foreign investment fund (FIF) — Acronym
foreign investment law (FIL) — Acronym
Foreign Investment Protection Agreement (FIPA) — Canada
Foreign Investment Review Agency (FIRA) — Company Est.1973, Canada
  ➥  Now called Investment Canada.
foreign portfolio investment (FPI) — Acronym
  ➥  A purchase in a foreign country's stocks and bonds market.
foreign tax credit (FTC) — Canada
This tax credit is for foreign income or profits taxes you paid on income you received from outside Canada and reported on your Canadian tax return.
  ➥  Form T2209 - Federal Foreign Tax Credits.
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Index for The Letter 'f'

Page 1: Face Value
Finance Charge
Page 2: Finance, Insurance and Real...
First National Financial
Page 3: First National Financial...
Flex Room
Page 4: Flexible Credit Line
Foreign Tax Credit
Page 5: Forfeiture

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