Terms with Tag Financing

  • Alternative Mortgage Definition, Important,
    • A home loan that is not a standard fixed-rate mortgage.
  • Bridge Loan Bank,
    • A loan that "bridges" the gap between the purchase of a new home and the sale of the borrower's current home. The borrower's current home is used as collateral and the money is used to close on the new home before the current home is sold. Some are structured so they completely pay off the old home's first mortgage at the bridge loan's closing, while others pile the new debt on top of the old. They usually run for a term of six months.
  • Bridge Mortgage Bank, Important,
    • A short-term loan used to allow a homebuyer to purchase a replacement property while still trying to sell their existing home.
  • Canada Small Business Financing Loan (CSBFL)Acronym, Canada,
      Offered by numerous banks in Canada.
    • Canada Small Business Financing Program Directorate (CSBFPD)Acronym, Canada,
      • Canada Student Loans Program (CSLP)Acronym, Canada,
          (Human Resources and Skills Development Canada)
        • Canadian Finance & Leasing Association (CFLA) Company, Canada,
            Represents the asset-based financing, equipment and vehicle leasing industry in Canada.
          • Canadian Small Business Loan (CSBL)Acronym, Canada,
              Offered by numerous banks in Canada.
            • Commercial Loan Origination (CLO)Acronym,
              • Commercial Property Finance (CPF)Acronym,
                • Credit Card (CC) Bank, Very Important,
                  • A plastic card with a coded magnetic stripe that, when signed, entitles its bearer to a revolving line of credit, with a credit limit and interest rate determined by the borrower's income and credit report.
                  A payment card that gives customers access to a revolving line of credit.
                • Estimated Rental Value (ERV)Acronym,
                  • Farm Credit Canada (FCC) Company, Canada,
                    • Federal Business Development Bank (FBDB)Bank, Canada,
                        Now called the Business Development Bank of Canada.
                      • Finance or Financial (fin)Abbreviation,
                        • First Nations Finance Authority (FNFA) Company, Westbank, British Columbia, Canada,
                            Non-profit organization that provides low-rate loan, investment options, and capital planning advice to First Nation governments.
                          • Honda Canada Finance, Inc (HCFI) Company Est. 1987, Canada,
                              Provides financing and leasing options for Canadian consumers.
                            • Mercedes-Benz Financial Services (MBFS) Company, Mississauga, Ontario, Canada,
                              • National Student Loans Service Centre (NSLSC) Company, Canada,
                                • No Payment, Deferred Interest (NPDI)Acronym,
                                  • Ontario Mortgage and Housing Initiative (OMHI)Acronym, Ontario, Canada,
                                      Affordable housing financing.
                                    • Ontario School Boards Financing Corp. (OSBFC)Company, Ontario, Canada,
                                      • Seller Finance Option (SFIN)Acronym,
                                        • Small Business Loans Act (SBLA)Acronym, Canada,
                                          • Small Business Loans Association (SBLA) Company, Saskatchewan, Canada,
                                            • Société du Crédit Agricole du Canada (SCA) Company, Canada,
                                                French acronym for Farm Credit Canada.
                                              • Textron Financial Canada Limited (TFCL) Company, Canada,
                                                • VW [Volkswagen] Credit Canada, Inc. (VCCI)Company, Canada,
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