Terms with Tag Banking
- Rests — Definition,
- The periodical balancing of an account for the purpose of converting interest into principal, and charging the party liable thereon with compound interest.
- Resurrection Credit Union (RCU) — Company Est. 1963, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Retail Banking — Definition,
- Banking services offered to individual customers such as savings accounts, personal loans, cheque cashing, and RRSPs.
- Retained Earnings — Definition,
- All of the profits or losses accumulated from prior years and from the present year's income statement, minus dividends paid to you.
- Return — Definition,
- Any increase in value or in income you earn on purchase or investment.
- Returned Item (RT) — Acronym, ➥ Bank account transaction code.
- Revelstoke Credit Union (RCU, REVCU) — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Revenue — Definition,
- Money earned by a company from its business activities.
- Reverse Takeover — Definition,
- The purchase of a public company by a private company, often to avoid the IPO process.
- Revolver — Definition,
- A term credit card issuers use for card holders who roll over part of the bill to the next month, instead of paying off the balance in full each month. About seven out of 10 cardholders revolve the debt.
- Revolving Credit — Definition,
- A line of credit that does not have a specified repayment schedule but may require a minimum payment to cover interest and contribute to paying off principal. Typical of credit card loans, chequing account cash reserve or overdraft accounts that have pre-approved lines of credit.
- Revolving Documentary Letter of Credit (RDLC) — Acronym,
- Revolving Letter of Credit (RLC) — Acronym,
- Revolving Line of Credit (RLOC) — Acronym,
- An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. Most credit cards offer revolving credit.
- Right of First Refusal — Definition,
- An agreement by an owner to give another party an opportunity to buy the property before it is offered to anyone else.
- Risk Based Net Worth (RBNW) — Acronym,
- River City 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.
- Roblin Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Rochdale Credit Union (RCU) — Company Est. 1940, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Rocky Credit Union (RCU) — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types. Also offers reverse mortgages.
- Roll In Loans — Definition,
- A refinancing loan that rolls any closing costs or fees into the loan. These programs best serve people who have a reasonable amount of home equity, want to reduce their overall interest expense, and plan to stay in their homes.
- Roll Over Mortgage — Definition, Important,
- A type of loan where the interest rate is set for a specific term. At the end of this term, the mortgage is said to "roll-over" and the borrower and lender may agree to extend the loan. If satisfactory terms cannot be agreed upon, the lender is entitled to be repaid in full. In this case, the borrower may seek alternative financing.
- Rorketon & District Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Rosenort Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Royal Bank Capital Partners (RBCP) — Acronym, Canada,
- Royal Bank Investment Management (RBIM) — Acronym, Canada,
- Royal Bank of Canada (RBC, RY) — Company, Canada-wide, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
- Royal Bank of Canada - Dominion Securities (RBCDS) — Acronym, Canada,
- Royal Bank of Canada Europe Limited (RBCEL) — Company, Canada,
- Royal Bank of Canada Investment (RBCI) — Acronym, Canada,
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