Terms Starting with S

  • Special Purchase and Resale Agreements (SPRAs)Abbreviation,
    • Social Work (SW)Acronym,
      • Standby Commitment Definition,
        • A commitment from a lender to make a loan in a specified period of time on specified terms with the understanding that the borrower will not likely draw down the funds.
      • Shaunavon Credit UnionCompany, Saskatchewan, Canada,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Stock Market Total Value (SMTV)Acronym,
          • Saskatchewan Registered Nurses' Association (SRNA) Company Est. 1917, Saskatchewan, Canada,
            • South Interlake Credit Union (SICU) Company Est. 1990, Manitoba, Canada,
                Now call Sunova Credit Union.
              • Seller Finance Option (SFIN)Acronym,
                • Senior Real Estate Specialist (SRES)Acronym,
                  • Subdivision (subd)Abbreviation,
                    • Supplementary Liability Insurance (SLI)Acronym, Important,
                      • Sale-leaseback Definition,
                        • A transaction in which the seller transfers the title to the buyer, then rents the property from the new owner. Generally not done in Canada, more an American practice.
                      • Sable Island Airport (YSA)Acronym, Sable Island, Nova Scotia, Canada,
                        • So-Use Credit UnionCompany, Ontario, Canada,
                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                          • Service (svc)Abbreviation,
                            • Saskatchewan (S _ _ _ _ _)Acronym, Saskatchewan, Canada,
                                Canadian postal code prefix.
                              • Sioux Lookout Airport (YXL)Acronym, Sioux Lookout, Ontario, Canada,
                                • Small Ticket Personal Loan (STPL)Acronym,
                                  • Single Premium Immediate Annuity (SPIA)Acronym, Important,
                                    • Sales Tax Definition,
                                      • Federal and / or provincial taxes that are applied to purchases.
                                    • Short-Term Loan (STL)Acronym,
                                      • Stock Definition,
                                        • A share of the ownership of a company.
                                      • Small Business Insurance Policy (SBIP)Acronym,
                                        • Shipowner's Liability (SMP)Acronym,
                                          • St Boniface General Hospital (SBGH) Company Est. 1871, Winnipeg, Manitoba, Canada,
                                            • Self Employed Health Insurance (SEHI)Acronym,
                                              • Social Accounting Matrix (SAM)Acronym,
                                                • Social Insurance Number (SIN) Acronym, Canada, Very Important,
                                                  • Every person who has an income or pays taxes must apply for this number, which is assigned by the Government of Canada. You must, by law, provide this number to financial institutions with which you have an interest-bearing deposit account.
                                                  A nine-digit number that you need to work in Canada or to have access to government programs and benefits. Banks may also request your SIN for tax purposes or to verify credit checks.
                                                • Shared-Appreciation Mortgage (SAM) Acronym,
                                                  • A home loan in which the lender offers a below-market interest rate in exchange for sharing in the profit when the home is sold. Usually done only with private funds/lenders.
                                                  • A mortgage loan where the lender or a third-party backer agrees to offer a highly reduced mortgage rate to the borrower in exchange of sharing profits when the property is sold.
                                                • Stranger Originated Life Insurance (STOLI) Acronym,
                                                  • A life insurance policy purchased by someone without any insurable interests with the insured person.
                                                  Illegal in many Canadian provinces.
                                                Compare. Calculate. Apply today.
                                                Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage