Variable closed:	2.85%
1 year closed:	2.94%
3 year closed:	2.69%
5 year closed:	2.79%
10 year closed:	3.44%

Mortgage Super Brokers > Library & Listings > Glossary > Words Beginning with 'Q'

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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

qualified high deductible health plan (QHDHP) — Acronym
qualified joint and survivor annuity (QJSA) — Acronym
qualified small business corporation (QSBC) — Acronym
qualifying event — Definition: An event that qualifies for insurance coverage.
qualifying life event (QLE) — Acronym, Very Important: ➥ An event where you apply or change an insurance policy due to marriage, new dependants or employment status.
qualifying rate — Definition: The mortgage rate that one must qualify for when applying for a variable rate or a term less than 5 years, so that if rates increase, the borrower can continue to make payments.
qualifying ratios — Definition: As calculated by lenders, the percentage of income that is spent on housing debt and combined household debt. The first qualifying ratio, called the gross debt service or GDS is up to and including a maximum of 32% of the combined gross family income. The second qualifying ratio is the Total debt service or TDS is up to and including 40% of gross income.
quality service certified (QSC) — Acronym
quality-adjusted life year (QUALY) — Acronym
quantum meruit — Definition: Used in contract law it means "reasonable value of services."
Quebec Federation of Real Estate Boards (QFREB) — Company Est.1994, Quebec, Canada
quick assets (QA) — Definition: Assets that can be liquefied quickly without a loss.
quick closing (QC) — Acronym
quick liquidity ratio — Definition: A metric used to find if a company has enough liquidity to make it's short term financial obligations.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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