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Canadian Financial, Real Estate and Mortgage Glossary

Banking Terms

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Instant Teller (IT)Canada
  ➥  Registered trademark of the CIBC.
Instant Teller Machine (ITM)Canada
A terminal activated by a magnetically encoded card that allows customers of a bank or other financial institution to conduct everyday banking tasks such as deposits, withdrawals and transfers between accounts. An interconnection of these terminals allows customers to conduct certain transactions around the nation and the world; usually subject to a surcharge fee.
  ➥  More commonly known as an automated teller machine (ATM).
Institute of Canadian BankersCompany
An institute that provides education and training programs specific to professionals in the financial-service industry
insufficient funds (ISF)Definition (Financial-banking)
When funds are not enough to satisfy the payment of a cheque or draft made on that account; also known as non-sufficient funds (NSF).
insurable interestDefinition (Investments, Insurance, Financial-banking)
Something of sufficient worth and benefit that an individual or entity would have reason to insure against its lost.
insurance cycleDefinition (Investments, Insurance, Financial-banking)
A cycle of soft and hard market conditions observed in the insurance and underwriting industry.
insurance proceedsDefinition (Taxation, Insurance, Financial-banking)
The benefits received by an individual after a claim has been verified.
insurance scoreDefinition (Insurance, Financial-banking)
A score used by those in the insurance industry to determine how likely a claim will need to be paid out for an individual or entity.
insured money market account (IMMA)Acronym
intangible assetDefinition (Taxation, Financial-banking)
Non-physical resources or rights to other assets. Patents, goodwill, permits and computer programs are examples of intangible assets.
intangible propertyDefinition (Taxation, Financial-banking)
Property that does not have value itself, but represents something else. Stocks, bonds and franchises are examples of intangible property. Business furniture and equipment are examples of tangible personal property.
Integris Credit UnionBank, British Columbia, Canada
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
Inter-American Development Bank (IDB)Company
inter-bank offered rate (IBOR)Acronym
interacDefinition (Financial-banking)
Canada's largest shared network of ATMs. It allows cardholders to access their accounts from any ATM on the network regardless of which financial institution owns the machine.
Interac Direct Payment (IDP)Definition (Financial-banking)
A method of paying for goods and services electronically with the funds taken immediately and directly from your bank account and transferred directly into the merchant's account. You use your banking card to do this.
interbank funds transfer system (IFTS)Acronym
interest (IN, int)Definition (Investments, Mortgages, Financial-banking, Abbreviation, Bank Statements)
Money paid for the use of borrowed funds, usually expressed as an annual percentage.
  ➥  Bank account transaction code.
interest adjustment dateDefinition (Mortgages, Financial-banking)
The date one month prior to the beginning of amortization when accrued interest computed on the monies advanced becomes due.
interest factorDefinition (Mortgages, Financial-banking)
The decimal equivalent for an interest rate on a unit amount for a period of time. Computed by interest rate divided by number of days in a basic year times the number of days accrued.
interest only paymentsDefinition (Mortgages, Financial-banking)
A payment plan where only the interest is paid off.
interest rate swap (IRS)Acronym
interest sensitive liabilities (ISL)Acronym
Short term deposit held by a bank that pays its customer a return using a variable interest rate.
interest-crediting methodsDefinition (Investments, Insurance, Financial-banking)
A number of methods used to establish how interest is accrued, owed and dispersed to the parties due.
interim financingDefinition (Mortgages, Financial-banking)
The availability of funds on a daily basis to assist a developer with financing for a construction project between advances made by the lender of the construction loan.
Interior Savings Credit Union (ISCU)Bank Est.1939, British Columbia, Canada
  ➥  Merged and acquired accounts from Okanagan Savings Credit Union in 1999 and Thompson Valley Savings Credit Union in 2002. A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
International Association of Internet Banking and Commerce (IAIBC)Company
international automated clearing house (IACH)Acronym
International network for electronic funds transfer (EFT).
international bank (IB)Acronym
international bank account number (IBAN)Acronym
A means of identifying bank accounts across international borders.
international bank for economic cooperation (IBEC)Acronym
International Bank for Reconstruction and Development (IBRD)Company
International Bank of Business and Credit (IBBC)Acronym
International Bank of Commerce (IBC)Company, United States
international bank wire transfer (IBWT)Acronym
international bankingDefinition (Financial-banking)
The operation of bank branches and subsidiaries located outside Canada. This area of banking also includes the supervision of correspondent banking relationships, foreign exchange trading, and trade finance.
International Banking Advisor (IBA)Acronym (Designation)
International Banking and Finance (IBAF)Acronym
Academic course focusing on export and import transactions, international financial institutions, foreign exchange risk management and international financial securities/instruments.
international banking center (IBC)United States
  ➥  Created for internationally mobile and expatriate HSBC customers.
international banking division (IBD)Acronym
international banking facility (IBF)Acronym
international banking unit (IBU)Acronym
international certificate in banking risk and regulation (ICBRR)Acronym
  ➥  (Global Association of Risk Professionals)
International Co-Operative Banking Association (ICBA)Company
international conference of banking supervisors (ICBS)Acronym
international direct deposit (IDD)Acronym
international electronic funds transfer (IEFT)Acronym
International Financial Institutions (IFI)Acronym
International Foundation for Computer-Based Education in Banking and Finance (IFCEB)Company
international investment bank (IIB)Acronym
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Instant Teller — International Investment...
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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
Page 17: Credit Card
Page 18: Declining Life Insurance
Page 19: Earl Grey Credit Union
Etobicoke Aluminum Employees...
Page 20: Etobicoke Teachers Credit...
Page 21: Foam Lake Savings & Credit...
Gross International Reserves
Page 22: Gross Overtime
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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