Glossary Index | Categories | Tagged Terms

Terms with Tag Banking

Commingling -

Credit Union -

Contractual Lien — Definition,
- A legal claim against property as a result of a voluntary contract, such as a mortgage.
Cooperative Mortgage — Definition, Important,
- A loan that allows the borrower to buy into a co-op project.
Copperfin 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.
Core Consumer Price Index (CPIX) — Acronym,
- This measure strips out eight of the most volatile CPI components (fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products), as well as the effect of changes in indirect taxes on the remaining components. The Bank also monitors other measures of underlying (“core”) inflation.
➥ Bank of Canada's measure of core inflation.
Cornerstone 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.
Corporate and Investment Banking (CIB) — Acronym,
Corporate Banking — Definition,
- Banking services for large firms.
Corporate Banking and Financial Markets (CBFM) — Acronym,
Corporate Creditor Identification Numbers (CCIN) — Acronym,
Corporate Relocation — Definition,
- When a company relocates to a new office.
- An employer that transfers an employee and pays moving expenses.
Corporation — Definition,
- A legal entity that is legally separate from its owners and employees.
Correspondent Bank — Definition,
- A bank that holds deposits of another bank, usually a smaller bank, and in turn provides certain banking services that may not be readily available to the smaller bank.
Cost Basis — Definition,
- The original price paid for an investment which is also known as the basis or tax basis. The cost basis includes any commissions or fees paid when the investment was purchased.
Cost of Funds Index (COFI) — Acronym,
Counteroffer — Definition,
- Rejection of a purchase offer by submission of another offer with different terms (such as price or closing date). A step in the negotiating process.
Courtage Direct Banque Nationale (CDBN) — Acronym, Canada,
➥ French acronym for National Bank Direct Brokerage Inc.
Covenantor — Definition,
- A person who promises to be responsible for the repayment of a loan.
Creative Arts Savings & Credit Union (CASCU) — Company Est. 2008, Toronto, Ontario, Canada,
➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
Creative Financing — Definition,
- An innovative or unusual way of structuring a home loan that allows the buyer to buy the house.
Credit — Definition,
- Money that a lender gives to a borrower on condition of repayment over a certain period.
Credit Card (CC) — Acronym, 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.
Credit Card Purchase (CCP) — Acronym,
Credit Contingent Interest Rate Swap (CCIRS) — Acronym,
Credit History — Definition,
- A record of an individual's or company's past borrowing patterns and whether or not debts were repaid on time.
Credit Limit — Definition,
- The maximum amount of charges a cardholder may apply.
Credit Line — Definition,
- The maximum money amount available in an open-end credit arrangement such as a credit card or overdraft protection.
Credit Memo (CM) — Acronym,
➥ Bank account transaction code.
Credit Repository — Definition,
- Another term for a credit bureau.
Credit Risk — Definition,
- The risk of loss assumed under a financial contract that a borrower or a counter-party to a loan or other credit-related contract may default or fail to fulfill its obligations.
Credit Score — Definition,
- Also referred to as a 'Beacon Score' is a number, between 300 and 900, that reflects a person's credit history. Lenders calculate this number using a computer system as part of the process for assigning rates and terms to the loans they grant.