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Canadian Financial, Real Estate and Mortgage Glossary

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Macquarie FinancialMaternal Mortality Rate
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Maturity — Minimum Balance to Open an...
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Minimum Monthly BalanceMortgage Acceleration...
The date when the principal balance of a loan is due and payable to the lender. Also, the date when a bond pays off its principal.
maturity guaranteeDefinition
A guarantee that after a certain date a contract, such as a life insurance policy or annuity, will have a minimum dollar value.
maximum assessed value (MAV) — Acronym
maximum financingDefinition
A loan given for a property where the buyer puts down the lowest allowable down payment possible.
maximum tax accumulation reserve (MTAR) — Acronym
mcap bucks (MBUCKS) — Acronym, Important
  ➥  Broker compensation / loyalty program offered by MCAP.
MCAP Financial Corporation — Company, Canada-wide
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
McMaster University (MAC) — Company Est.1887, Hamilton, Ontario, Canada
meals and entertainment (M&E)Definition
Deductible expenses in your business such as the cost of taking a client to a restaurant (meals) or a sporting event (entertainment). However, these expenses are only partially deductible (50 % in Canada).
mechanical systemsDefinition
A house's heating, cooling, plumbing and electrical apparatus.
median household income (MHI) — Acronym
median priceDefinition
In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.
A method of resolving a dispute using a neutral party (a "mediator") who actively works to resolve the differences. A mediator cannot make a binding decision, as opposed to an arbitrator, who can.
medical loss ratioDefinition
A method of comparing the medical costs paid to the premiums earned by an insurance company in a specific period of time.
medical specialistDefinition
A doctor with training in a specific medical field.
memorandum of understanding (MOU) — Acronym
Memorial University of Newfoundland (MUN) — Company Est.1925, Newfoundland and Labrador, Canada
merchant category code (MCC) — Acronym
merged credit reportDefinition
A summary of one's credit history from the big two credit bureaus: Equifax and Trans Union.
mergers and acquisitions (M&A) — Acronym
metes and boundsDefinition
A surveyor's legal description of a parcel of land, defined by measurements and angles.
Metro Toronto (MT) — Ontario, Canada
Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
middle initial (MI) — Acronym
mileage allowanceDefinition
The number of miles, specified in a lease, that a car may be driven over the life of the lease.
mill rateDefinition
A unit of taxation that is a set ratio made by the city or municipality in reference to property taxes.
million acre-feet (MAF) — Acronym
minimum acceptable rate of return (MARR) — Acronym
minimum average balance to avoid feesDefinition
The balance in the account from day-to-day must average this amount when calculated. If the account balance falls below this amount you will be subject to the monthly charge and/or per usage transaction charges.
minimum balance to open an accountDefinition
The minimum initial deposit required to open a bank account.
Previous Page
Macquarie FinancialMaternal Mortality Rate
Currently Displayed — Page 2
Maturity — Minimum Balance to Open an...
  Next Page
Minimum Monthly BalanceMortgage Acceleration...

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Index for The Letter 'm'

Page 1: Macquarie Financial
Maternal Mortality Rate
Page 2: Maturity
Minimum Balance to Open an...
Page 3: Minimum Monthly Balance
Mortgage Acceleration Clause
Page 4: Mortgage Application
Mortgage Rate Sheet
Page 5: Mortgage Renewal
Mutual Non-Disclosure...

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