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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Finance Terms

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accreting principal swap (APS)Acronym
adjustable rate preferred stock (ARPS)Acronym
adjusted gross income (AGI)Acronym
adjusted net cash flow (ANCF)Acronym
adjusted net operating income (ANOI)Acronym
adjusted operating cash flow (AOCF)Acronym
administrative & general (A&G)Acronym
advance-decline (AD)Acronym
African, Caribbean, Pacific (ACP)Acronym
against actuals (AA)Acronym
Alberta Capital Finance Authority (ACFA)Company Est.1956, Edmonton, Alberta, Canada
To provide local authorities within the Province of Alberta a flexible and affordable means of funding for capital projects.
all savers certificate (ASC)Acronym
American Depositary Receipt (ADR)Acronym
A negotiable certificate issued by U.S. banks representing ownership or a claim on foreign securities.
American Depositary Share (ADS)Acronym
amount financedDefinition (Mortgages, Financial-banking)
The principal that is financed. It could include the cost of the purchase and other items rolled into the payments.
annual household income (AHI)Acronym
  ➥  Also written as AHHI.
annual percentage rate (APR)Definition (Mortgages, Financial-banking)
A yearly rate of interest that includes fees and costs paid to acquire the loan. Lenders are required by law to disclose the APR. The rate is calculated in a standard way, taking the average compound interest rate over the term of the loan, so borrowers can compare loans. In mortgages, it is the interest rate of a mortgage when taking into account the interest, mortgage insurance, and certain closing costs including points paid at closing. There is no APR in an automobile lease; instead, the cost of money is expressed as the money factor.
  ➥  A number used to compare costs associated with mortgage loans and other forms of financing.
annual percentage rate of charge (APRC)Definition
A yearly rate of interest that includes fees and costs paid to acquire the loan. Lenders are required by law to disclose the APR. The rate is calculated in a standard way, taking the average compound interest rate over the term of the loan, so borrowers can compare loans. In mortgages, it is the interest rate of a mortgage when taking into account the interest, mortgage insurance, and certain closing costs including points paid at closing. There is no APR in an automobile lease; instead, the cost of money is expressed as the money factor.
annualized return rate (ARR)Acronym
arbitrage pricing theory (APT)Acronym
asset-backed commercial paper (ABCP)Acronym
asset-backed securities (ABS)Definition (Investments)
Securities backed by a pool of assets.
  ➥  Financial security made up of a bundle of assets.
asset-liability management (ALM)Acronym
asset-liability management committee (ALCO)Acronym
assets under management (AUM)Acronym
Association of Public Treasurers of the United States and Canada (APTUSC)Company Est.1965
Represents public treasury and finance officials in local and provincial/state governments throughout North America.
assumed interest rate (AIR)Acronym
  ➥  Assumable mortgage.
Auction Market Preferred Stock (AMPS)Acronym
  ➥  Unregistered security sold by Merrill Lynch.
auction rate note (ARN)Acronym
authorized futures and option funds (AFOF)Acronym
automatic revolving letter of credit (ARLC)Acronym
available separate consolidated net income (ASCNI)Acronym
average strike rate option (ASRO)Acronym
average weighted prime lending rate (AWPLR, AWPR)Acronym
  ➥  The more common acronym is AWPLR.
balance sheet analysis (BSA)Acronym
balance sheet item (BSI)Acronym
bankDefinition (Mortgages, Financial-banking)
An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
Belgium-Luxembourg Economic Union (BLEU)Company
benchmark prime lending rate (BPLR)Acronym
blanket sales agreement (BSA)Acronym
bond anticipation note (BAN)Acronym
bonus reserve valuation (BRV)Acronym
bridge financingDefinition (Mortgages, Real-estate, Financial-banking)
A short-term, high interest loan that allows a seller to purchase a new property before selling an existing property.
Business Development Bank of Canada (BDC)Company Est.1944, Canada
Assists in the creation and development of Canadian businesses through financing, venture capital and consulting services, with a focus on small and medium-sized enterprises (SMEs).
  ➥  Formerly known as the Industrial Development Bank (IDB) with roots as far back as 1939.
Business Finance Associates (BFA)Canada
call of more (CM)Acronym
Canada Small Business Financing Program (CSBFP)Est. 1961, Canada
Industry Canada offers loan for establishing, expanding, modernizing and improving small businesses.
Canadian Institute for Financial Crime Analysis (CIFCA)Company, Ontario, Canada
  ➥  A joint initiative of the Seneca Centre for Financial Services (CFS), and Williams McGuire AML Inc (WM-AML) – Canada’s centre for money laundering risk and compliance intelligence.
capital gain (CG)Definition (Investments, Taxation, Financial-banking)
The profit made by the seller when real estate or other capital assets are sold. Capital gains are taxed more favourably than earned income. However, this can be dependent on your tax bracket and the length of time you owned the asset before it was sold. You could pay approximately one-third to one-half less tax than you would pay on the same amount of earned salary.
capital market preferred stock (CMPS)Acronym
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Accreting Principal Swap — Capital Market Preferred...
  Next Page
Captive Finance CompanyDebt and Debt-Service...

Search the Glossary

Index of Finance Terms

Page 1: Accreting Principal Swap
Capital Market Preferred...
Page 2: Captive Finance Company
Debt and Debt-Service...
Page 3: Debt Service Ratio
European depository receipt
Page 4: Ex-Dividend
Gross Fixed Asset
Page 5: Gross National Income
Loan Impairment Charge
Page 6: Loan-in-Process
Net Interest Margin
Page 7: Net Operating Cash Flow
Privately Negotiated...
Page 8: Public Sector Net Cash...
Special Purpose Vehicle
Page 9: Specialized Financing...
Yield-to-Maturity

Notable Terms

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