Terms with Tag Banking
- Real Estate Investment Banking (REIB) — Acronym,
- Real Time Gross Settlement (RTGS) — Acronym,
- Rebate — Definition,
- A manufacturer's reduction on the price of a car as an incentive to buyers. Rebates appeal to people with no credit or less-than-perfect credit who cannot qualify for the lowest-rate loan. A rebate may also appeal to first-time buyers who don't have a lot of cash for a down payment or another car to trade in.
- Rebate Card — Definition,
- This is a credit card that allows the customer to accumulate cash, merchandise or services based on card usage.
- Receivership — Definition,
- A form of bankruptcy where a person is appointed to take control of a company and is responsible for recouping unpaid debts.
- Recession — Definition,
- A prolonged period (popularly defined as two successive quarters) in which economic activity shrinks.
- Reciprocal Insurance Exchange — Definition,
- A group of individuals, firms and corporations that mutually insure each other.
- Recognized Gain or Loss — Definition,
- The amount of gain or loss reported for income tax purposes. You may be able to defer recognizing gain or loss on certain property exchanges, such as like-kind exchanges.
- Reconciliation — Definition,
- Checking all bank account papers to make sure that the bank's records and your records agree.
- Recurring Electronic Funds Transfer (REFT) — Acronym,
- Reddy Kilowatt Credit Union (RKCU) — Company Est. 1956, Newfoundland and Labrador, Canada,
- Refinance — Definition,
- To arrange a new loan for an increased amount or better terms whereby the old loan is paid off from the proceeds of the new loan.
- Refund — Definition,
- To give back, return, or repay.
- Regional Bank — Definition,
- A bank with a primary market in a regional or metropolitan area but takes deposits from throughout the province in which it is located. Usually called a Credit Union in Canada.
- Regional Development Bank (RDB) — Company Est. 1985, Sri Lanka,
- Regional Rural Development Bank (RRDB) — Acronym,
- Relationship-Based Pricing (RBP) — Acronym,
- Relocation Benefits — Definition,
- Money and other consideration that an employer gives to employees who move or are transferred at the company's behest. Can include reimbursement for packing and moving, house-hunting trips, and temporary housing and storage.
- Relocation Company — Definition,
- A business that specializes in providing help to employees who move for their employer.
- Remaining Balance — Definition,
- Unpaid principal on a loan.
- Remaining Term — Definition,
- The time it will take to pay off the rest of an instalment loan as scheduled.
- Renegotiable Rate Mortgage (RRM) — Acronym,
- Renewal — Definition,
- Signing on again with the same lender once a term is up.
- Rent — Definition,
- When one party pays another for the use of an asset, service or property.
- Repayment Period — Definition,
- In a home equity line of credit, that portion of the life of the loan that follows the draw period. During the repayment period, the borrower cannot take out any more money, but must pay down the loan.
- Repayment Plan — Definition,
- Modification of an existing loan after the borrower has been delinquent. Often used when the borrower misses payments but the lender does not foreclose.
- Repossession — Definition,
- The taking back of property after a borrower has stopped making payments.
- Research on Banking International and National Systems or Networks (ROBINSON) — Acronym, Ottawa, Ontario, Canada,
- Reserve — Definition,
- Money retained for some future use.
- Restructured Loan — Definition,
- A mortgage in which basic terms -- such as interest rate, term and monthly payment -- have been changed to prevent foreclosure. Not a normal practice in Canada.
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