Terms with Tag Banking
- Royal Certified Service (RCS) — Acronym, Canada, ➥ RBC chequing account.
- Royal Credit Line (RCL) — Acronym, Canada, ➥ Offered by RBC.
- Royal Direct (RD) — Acronym, Canada, ➥ RBC's online and telephone banking service.
- Royal Foreign Exchange (RFX) — Acronym, Canada, ➥ Offered by RBC.
- Royalty Income — Definition,
- Payment for the use and exploitation of certain kinds of property, such as artistic or literary works, patents and mineral rights.
- Royglenor Savings and 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.
- Sale Price — Definition,
- The price that is paid for an asset.
- Sales Tax — Definition,
- Federal and / or provincial taxes that are applied to purchases.
- Salmon Arm Savings Credit Union (SASCU) — Company Est. 1946, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Same Day Funds Settlement (SDFS) — Acronym,
- Sandhills 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.
- Sanford 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.
- Saskatoon City Employees' Credit Union (SCECU) — Company Est. 1947, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Savings Account — Definition,
- A financial account that pays interest with low risk.
- Savings-and-Loan Association (S&L) — Acronym,
- Schedule I Banks — Definition,
- A designation in the Bank Act that refers to Canadian-owned banks that are widely held, i.e., ones in which no one owner holds more than 10% of shares.
- Schedule II Banks — Definition,
- A designation in the Bank Act that refers to foreign-owned banks and closely held Canadian banks, i.e., banks in which an owner may hold more than 10% of outstanding stock.
- Schedule III Banks — Definition,
- Foreign banks not incorporated under the bank act that are allowed to conduct business in Canada.
- Seasonal Unemployment — Definition,
- The loss of jobs due to changes in the climate and other conditions. Forestry, fishing and construction are affected by climate, while retailing is affected by seasons and holidays. For instance, at Christmas, retail employment is higher than in January.
- Secondary Market — Definition,
- A market where financial instruments such as stocks, bonds, options and futures are bought and sold to investors.
- Secondary Mortgage Market — Definition, Important,
- The trade in home loans that are bundled together and sold as securities to investors. It frees money so more people can get mortgages.
- Secure Electronic Commerce Environment (SECE) — Acronym, ➥ Online payment system developed by Fujitsu Limited, Hitachi, Ltd., and NEC Corporation.
- Secured Credit Card — Definition,
- A credit card that a cardholder secures with a savings deposit to ensure payment of the outstanding balance if the cardholder defaults on payments. It is used by people new to credit, or people trying to rebuild their poor credit ratings.
- Secured Debt — Definition,
- A debt that is secured by a lien on debtor's property that may be taken by the creditor in case of non-payment by the debtor. A common example is a mortgage loan.
- Secured Line of Credit (SLC) — Acronym,
- Secured Loan — Definition,
- Borrowed money that is backed by collateral.
- Securities/Investment Dealer — Definition,
- One who acts as the agent for another party to buy and sell securities and other investments; also an underwriter.
- Security — Definition,
- Property designated as collateral.
- A document stating ownership of a stock or bond.
- A tradable financial implement that represents ownership, the rights to ownership or debt.
- Seed Funding — Definition,
- Money used to start a business.
- Selection Bias — Definition,
- A statistical error made when non-random data is added into a dataset.
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