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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Business Terms

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Accountant — Commercial Banking Centre
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Commercial Banking GroupKnow-Your-Client
accountant (acct)Abbreviation (Abbreviation)
accounting (Acctg)Abbreviation (Abbreviation)
accounts payable (A/P, AP)Definition (Investments, Financial-banking)
Money owed by a business for goods and services received.
accounts receivable insuranceDefinition (Insurance)
Insurance covering losses due to cash flow problems.
accrued interest receivable (AIR)Acronym
When interest on an outstanding receivable has been added to the account, but has not yet been collected.
administrative (Admin)Abbreviation (Abbreviation)
advance (adv)Abbreviation (Abbreviation)
advanced commercial banking system (ACBS)Acronym
Alberta Business Corporations Act (ABCA)Alberta, Canada
angel investorsDefinition (Investments, Financial-banking)
Private individuals with capital to invest in business enterprises.
annual general meeting (AGM)Acronym
  ➥  A general meeting for shareholders to review and discuss routine matters such as reports, profits, election of directors and other issues involving ownership of a company.
annual operating plan (AOP)Acronym
annual premium equivalent (APE)Acronym
  ➥  A standardized measure of the volume of new life insurance business written.
appraised net worth (ANW)Acronym
approximate (approx)Abbreviation (Abbreviation)
assistant (asst)Abbreviation (Abbreviation)
associate (assoc)Abbreviation (Abbreviation)
association (assn)Abbreviation (Abbreviation)
attorney (Atty)Abbreviation (Abbreviation)
available (avail)Abbreviation (Abbreviation)
average deferral ratio (ADR)Acronym
Bachelor of Business Administration (BBA)Acronym (Designation)
Banque de Développement du Canada (BDC)Company, Canada
  ➥  French acronym for Development Bank of Canada.
Better Business Bureau (BBB)Company
  ➥  CanEquity Mortgage has been a BBB accredited business since 2002.
break-even point (BEP)Definition (Mortgages, Real-estate, Financial-banking)
The point at which expenses meet income or savings. In home finance, the break-even point often refers to the time it takes to recoup the costs of refinancing a loan or paying discount points.
British Columbia Business Corporations Act (BCBCA)British Columbia, Canada
business as usual (BAU)Acronym
business development program (BDP)Canada
Business Finance Associates (BFA)Canada
business for self (BFS)Acronym
Business Improvement Areas (BIA)Canada
Business in Vancouver (BIV)Vancouver, British Columbia, Canada
business interruption insurance (BII)Definition (Insurance)
Insurance that covers losses in business income after an event interrupts business operations.
business line of credit (BLOC)Acronym
business online banking (BOB)Acronym
business personal property (BPP)Acronym
business revolving line of credit (BRLOC)Acronym
business tax instalment payment plan (BTIPP)Calgary, Alberta, Canada
business tax reduction (BTR)Canada
Canada Industrial Relations Board (CIRB)Company, Canada
Canada Small Business Financing Loan (CSBFL)Canada
  ➥  Offered by numerous banks in Canada.
Canadian Business Forum (CBF)Canada
Canadian Chamber of Commerce (CCC)Company, Canada
Canadian Chamber of Commerce is the primary connection between business and the federal government and has a large impact on public policy matters related to business communities across Canada.
  ➥  Canada's largest and most influential business association.
Canadian Labour and Business Centre (CLBC)Company, Canada
  ➥  Dissolved due to budget cuts.
Canadian Small Business Loan (CSBL)Canada
capital adequacy requirement (CAR)Acronym
  ➥  A level of capital required in order to support an insurance business.
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.
cash flow return on investment (CFROI)Acronym
commercial bank (CB)Definition (Financial-banking)
A financial institution that provides a broad range of services, from chequing and savings accounts to business loans and credit cards.
Commercial Banking Centre (CBC)Acronym
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Accountant — Commercial Banking Centre
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Commercial Banking GroupKnow-Your-Client

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