Terms with Tag Banking
- Sunshine Coast 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.
- Super Yield Money Market Account (SYMMA) — Acronym,
- Supervised Investment Bank Holding Companies (SIBHC) — Acronym,
- Surplus — Definition,
- When an entity's income exceeds its expenses.
- Survival Analysis — Definition,
- A statistical analysis of how likely someone or something will survive to a set date.
- Suspicious Transaction Report (STR) — Acronym,
- Swan Valley Credit Union (SVCU) — Company Est. 1953, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Swap — Definition,
- An agreement between two businesses to exchange commodities, payments or other financial products to reduce the risk of volatile market conditions or to obtain a better price or rate. For example, interest rate swaps, where floating rate interest is exchanged for fixed rate interest, protects a corporation against rises in rates or allows it to take advantage of a better rate. A cross-currency swap enables two parties to enter into an agreement in which one exchanges its currency for the other's to meet their separate requirements.
- Sweat Equity — Definition,
- The value of the work put into a house by its owner. This can be used in place of a full down payment. Up to and including 50% of a down payment.
- Sydenham 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.
- Sydney 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.
- Syndicated Loans — Definition,
- Loans given to a company that are backed by a group of banks who share the risk of a large transaction. There is usually a lead bank and several participating banks.
- Synergy 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.
- Takeover — Definition,
- The purchase of a company by another.
- Talka Lithuanian 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.
- Tandem Loan — Definition,
- When one asset, usually a house, has two loans taken out on it.
- Tax (TX) — Acronym,
- A levy paid by an individual or entity that is collected by a government.
➥ Bank account transaction code. - Tax Deduction — Definition,
- An expense that governments allow you to subtract from your income before computing your income tax.
- Tax Deferral — Definition,
- The postponement of taxes to a later year, usually by recognizing income or a gain at a later time. Remember, this only delays your tax liability; it doesn't eliminate it.
- Tax Liability — Definition,
- The total amount of tax you owe.
- Tax Lien — Definition,
- A claim, or obstacle, to the sale of property because of unpaid taxes. The property's title can't be transferred until liens are paid.
- Tax Refund — Definition,
- To receive money back from the government.
- Tax-Exempt Commercial Paper (TECP) — Acronym,
- Tax-sheltered — Definition,
- A savings or investment plan that offers significant tax savings.
- Taxable Income — Definition,
- Income that is subject to taxation after accounting for adjustments, exemptions, and deductions.
- TCU Financial Group — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Teachers Plus Credit Union (TPCU) — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Teachers' Credit Union (TCU) — Acronym, ➥ Registered business name of Hamilton Teachers' Credit Union Limited.
- Teaser Rate — Definition,
- Often called the introductory rate, it is the below-market interest rate offered to entice customers to switch credit cards or lenders.
- Telephone/Online banking (CW) — Acronym, ➥ Bank account transaction code.
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