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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Banking Terms

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Canadian Western Bank (CWB)Company, Edmonton, Alberta, Canada
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
Canal City Savings & Credit UnionBank, Ontario, Canada
capDefinition (Mortgages, Financial-banking)
A limit imposed on an item.
capitalDefinition (Investments, Financial-banking)
Money that is used to make money; for example, to buy rental property or a business.
capital adequacy ratioDefinition (Financial-banking)
A ratio of total capital divided by risk-weighted assets and risk-weighted off-balance sheet items. A bank is expected to meet a minimum capital ratio of 8.0% unless a higher ratio is specifically prescribed by the Superintendent of Financial Institutions.
capital assetsDefinition (Investments, Taxation, Financial-banking)
Items that you own for investment or personal purposes, such as stocks, bonds or stamp collections. When you sell a capital asset, depending on the price you earn a capital gain or a capital loss. Gains are taxed at a special rate, and losses can be used in many cases to reduce the amount that is taxed. See also "Capital Gain" or "Capital Loss."
Capital City Savings and Credit Union (CCSCU)Bank Est.1987, Alberta, Canada
  ➥  Changed its name to Servus Credit Union in 2006.
capital expenditureDefinition (Investments, Real-estate, Financial-banking)
The cost of making an improvement to a property.
capital gain distributionDefinition (Investments, Taxation, Financial-banking)
When the fund sells some of its assets, you receive capital gain distributions or a portion from the sale. This distribution is regarded as a capital gain, not as ordinary dividends such as the interest gained from a bank account. It is important to separate capital gain distributions from ordinary dividends because capital gains are taxed more favourably.
capital improvementDefinition (Investments, Real-estate, Financial-banking)
Any permanent structure or other asset added to a property that adds to its value.
capital investmentsDefinition (Investments, Real-estate, Financial-banking)
Money used to purchase permanent fixed assets for a business, such as machinery, land or buildings as opposed to day-to-day operating expenses.
capital lossDefinition (Investments, Taxation, Financial-banking)
When an asset is sold for less than what you paid, or less than its adjusted basis, it is a capital loss. However, when it comes to taxes a capital loss is not always bad because you can use it to reduce the amount of income being taxed by the amount of the loss, up to $3,000 per year. If your loss is more significant, the excess (or capital loss carryover) can be carried forward indefinitely until the total loss is used.
capitalizationDefinition (Investments, Mortgages, Taxation, Financial-banking)
An estimate of the value of a rental or commercial property using the rate of return on investment and the property's annual net operating income.
capitalization rateDefinition (Investments, Real-estate, Financial-banking)
An estimated percentage rate of return that a property will produce on the owner's investment.
captive finance companyDefinition (Financial-banking)
A finance company related to a specific dealer or manufacturer.
card holder agreementDefinition (Financial-banking, Legal-contracts)
A written agreement or contract between a credit card holder and the credit issuer that details the terms and conditions of a credit card account. This agreement must include the Annual Percentage Rate, the monthly minimum payment formula, the annual fee if applicable, and the cardholder's rights in billing disputes. Changes to the agreement can be made at any time by the issuer with prior written notice.
Card Services for Credit Unions (CSCU)Bank, United States
  ➥  Largest credit union card processing association in the US.
Caribbean Development Bank (CDB)Company
Carpathia Credit UnionBank, Manitoba, Canada
carrying costsDefinition (Mortgages, Real-estate, Taxation, Financial-banking)
The cost of maintaining a property.
Casera Credit UnionBank, Manitoba, Canada
cash advance feeDefinition (Financial-banking)
A fee charged by the bank for using credit cards to withdraw money generally from an ATM or banking machine. This fee can be a flat fee per transaction or a percentage of the amount being advanced. For example, the fee may be set as: "2% / $10." This means the cash advance fee will be the greater of 2% of the cash advance amount or $10. Banks often limit the fee to a certain dollar amount.
cash cardsDefinition (Financial-banking)
Cash cards, similar to pre-paid phone cards, contain a set amount of value, which can be read by a special cash card reader. Participating retailers will use the reader to debit the card in increments until the value is gone. The cards are like cash -- they have no built-in security, so if lost or stolen, they can be used by anyone.
cash collateralDefinition (Financial-banking, Legal-contracts)
The proceeds of cash collected from the sale of liquid assets while in bankruptcy.
cash dispenser (CD)Acronym
cash flowDefinition (Investments, Mortgages, Taxation, Financial-banking)
The money an investment produces after subtracting cash expenses from income.
cash flow forecastDefinition (Investments, Mortgages, Taxation, Financial-banking)
An estimate of when and how much money will be received and paid out of a business. It usually records cash flow on a month-by-month basis for a period of two years.
cash methodDefinition (Real-estate, Taxation, Financial-banking)
The form of accounting in which you report income in the actual year you receive it and deduct expenses in the year you pay. Most individuals use this method. Under this system, if you built a deck and billed the client in December 1999 but didn't receive the cheque until January 2000, it would be counted as 2000 income, not 1999.
casualty and theft lossDefinition (Taxation, Insurance, Financial-banking)
A loss caused by a hurricane, earthquake, fire, flood, theft or similar event that is sudden, unexpected or unusual. You can deduct a portion of personal casualty or theft losses as an itemized deduction.
CCEC Credit UnionBank, British Columbia, Canada
Central 1 Credit Union (C1CU)Bank Est.1944, British Columbia, Canada
central bankDefinition (Investments, Mortgages, Financial-banking)
An institution that manages a nation's monetary policy.
central bank money (CBM)Acronym
Central Clearing and Settlement System (CCASS)Acronym
central counterparty (CCP)Acronym
centralized online real-time exchange (CORE)Acronym
certificate of deposit (CD)Acronym
A time deposit product offered by US banks. In Canada these are referred to as guaranteed investment certificates or GICs.
certified cheque (CC)Definition (Financial-banking, Bank Statements)
A cheque that a bank guarantees will clear.
  ➥  Bank account transaction code.
certified electronic funds transfer (CEFT)Acronym
chartered banksDefinition (Financial-banking)
Financial institutions regulated under the Bank Act. Chartered banks are designated as Schedule I or Schedule II depending on their ownership.
chattelDefinition (Mortgages, Financial-banking)
Personal property that can be moved.
chattel mortgageDefinition (Mortgages, Financial-banking)
A loan backed by movable personal property. Generally mobile or trailer homes.
cheque (CK)Definition (Financial-banking, Bank Statements)
A written order for payment of a certain amount of money.
cheque bookDefinition (Financial-banking)
A book with blank cheques. The cheques may be personalized or non-personalized.
cheque clearingDefinition (Financial-banking)
When you write a cheque to a person or a company, the cheque is typically cashed when deposited into a bank account. Your chequing account is then debited for the amount of the cheque and the cheque is said to have "cleared."
cheque holdDefinition (Financial-banking)
The length of time that a financial institution can legally hold a cheque before crediting a customer's account balance and allowing the customer to use the funds.
cheque posted by branch (CB)Acronym (Bank Statements)
cheque registerDefinition (Financial-banking)
A book or log where you can record the details of every transaction made in your chequing account.
cheque returned nsf (NS)Acronym (Bank Statements)
cheques returned with statementDefinition (Financial-banking)
Cheques that are cancelled are returned to the account holder in a monthly statement.
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Search the Glossary

Index of Banking Terms

Page 1: 1st Choice Savings and...
Amortized Loan
Page 2: Amount Financed
Automatic Transfer of Loan...
Page 3: Automatic Transfer Service
Before-tax Income
Page 4: Belgian-Alliance Credit...
Caisse d'économie Desjardins...
Page 5: Caisse d'économie Desjardins...
Caisse Desjardins de Hull
Page 6: Caisse Desjardins de...
Caisse Desjardins de Saint...
Page 7: Caisse Desjardins de Saint...
Caisse Desjardins du Haut...
Page 8: Caisse Desjardins du Lac des...
Caisse populaire de Field
Page 9: Caisse populaire de...
Caisse populaire Desjardins...
Page 10: Caisse populaire Desjardins...
Caisse populaire Desjardins...
Page 11: Caisse populaire Desjardins...
Caisse populaire Desjardins...
Page 12: Caisse populaire Desjardins...
Caisse populaire Madawaska
Page 13: Caisse populaire Mer et...
Canadian Payments...
Page 14: Canadian Western Bank
Cheques Returned with...
Page 15: Chequing Account
Commercial Real Estate...
Page 16: Commingling
Credit
Page 17: Credit Card
Debtor
Page 18: Declining Life Insurance
E-cheque
Page 19: Earl Grey Credit Union
Etobicoke Aluminum Employees...
Page 20: Etobicoke Teachers Credit...
Float
Page 21: Foam Lake Savings & Credit...
Gross International Reserves
Page 22: Gross Overtime
Instalment
Page 23: Instant Teller
International Investment...
Page 24: International Journal of...
Ladysmith & District Credit...
Page 25: Lafleche Credit Union
Local Taxes
Page 26: Lock-in
Monetary Policy Committee
Page 27: Monetary Policy Report...
Non-owner Occupant
Page 28: Non-Performing Loan
Ordinary Dividends
Page 29: Ordinary Income
Personal Property Taxes
Page 30: Personal Savings
Private Lender
Page 31: Privately Held Company
Remaining Balance
Page 32: Remaining Term
Same Day Funds Settlement
Page 33: Sandhills Credit Union
Split-Funded Annuity
Page 34: Spread
Tax Liability
Page 35: Tax Lien
Underwriting Expenses
Page 36: Underwriting Guide
Weyburn Credit Union
Page 37: Williams Lake and District...
Zero Balance

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