Terms with Tag Banking
- Lafleche Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- LaHave River Credit Union — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Lake View Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Lakeland Credit Union — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Landlord — Definition,
- One who rents or leases his or her property to another person or a business.
- Large Value Transfer System (LVTS) — Acronym,
- System being created by the Canadian Payments Association that will settle large value payments, possibly $50,000 and over, at the central bank on a same-day basis.
- Large Volume Account List Total (LT) — Acronym, ➥ Bank account transaction code.
- Late Charge — Definition,
- A fee imposed on a borrower for not paying on time
- Late Payment — Definition,
- A sum a borrower sends to a lender that is received past the date when it was due.
- Latvian Credit Union (LCU) — Company Est. 1959, Ontario, Canada,
- Laurentian Bank (LB) — Company, Canada,
- Laurentian Bank of Canada (LBC) — Company, Canada-wide, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages. Also offers reverse mortgages.
- Lead Lender — Definition,
- A financial institution which heads up a financial consortium or syndicate to provide funds for a mortgage.
- Lease (lse) — Abbreviation,
- A written agreement in which the property owner allows a tenant to use property in exchange for rent, and for a specified period. Or, a written agreement in which a car dealer allows a consumer to use a vehicle in exchange for payments for a specified period.
- Lease Extension — Definition,
- The continuation of an existing lease, at the original monthly payment, usually on a month-by-month basis.
- Lease Option — Definition,
- A written agreement in which an owner allows an individual to use a property in exchange for rent, and also gives that individual the right to buy the property for a specified price within a specified period
- Leasehold (l/h) — Abbreviation,
- Land or property held under a lease for a term of years.
- Legacy Saving & Credit Union — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Legal Fees and Disbursements — Definition,
- Charges paid on your behalf by a solicitor that are in addition to professional costs.
- Lender — Definition,
- The bank or mortgage company offering the loan.
- LeRoy Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Lethbridge Legion Savings & Credit Union — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Letter of Credit (L/C) — Acronym,
- A letter authorizing a person or company to draw on a bank or stating that the bank will honour the credit up to the stated amount.
- Level Payment — Definition,
- A method of repayment where periodical payments of principal and interest are made in a certain way so the payment amount remains constant.
- Leverage — Definition,
- The use of a small amount of cash and a large loan to buy something.
- Leveraged Property — Definition,
- A property financed with mortgage debt.
- Levy — Definition,
- A cost imposed on an individual or entity.
- Liabilities — Definition,
- A borrower's debts and legal obligations.
- Libro Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Line of Credit (LOC) — Acronym,
- A commitment by a financial institution to lend up to a specified maximum amount to a customer during a specified period of time.
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