Terms Starting with S

  • Sub-prime Borrower Definition,
    • A borrower with a less-than-perfect credit report due to late payments or a default on debt payments.
  • Sub-prime Mortgage Definition, Important,
    • A mortgage loan that is granted to a borrower who is considered sub-prime (has a less-than-perfect credit report). Sub-prime borrowers have either missed payments on a debt or have made late payments. Lenders charge a higher interest rate to compensate for potential losses from customers who may default on the loan.
  • Subagent Definition,
    • A real estate agent who finds a buyer for a property, and is not the property's listing agent. The subagent usually earns a portion of the commission.
  • Subcontractor Definition,
    • A person or company that does specialty work for a general contractor.
  • Subdivide Definition,
    • To split something (like a plot of land) into smaller sections.
  • Subdivision (subd)Abbreviation,
    • Subdivision (Subdiv)Abbreviation, Canada,
        Canada Post street abbrevation.
      • Sublet Definition,
        • An arrangement where a tenant leases property to a subtenant.
      • Subordinate Loan Definition,
        • A mortgage whose priority is below that of another mortgage; i.e., a second or third mortgage or a home-equity loan.
      • Subrogation Definition,
        • When an insurance company has the right to take legal action against a third party for damages.
      • Substandard Health Annuity Definition,
        • An annuity with increased income payments for people with shorter life expectancies due to medical conditions.
      • Substandard Insurance Definition,
        • Insurance for those who are ineligible for standard insurance due to higher risk profiles.
      • Substitution of Vehicle (SOV)Acronym,
        • Successive Periods Definition,
          • When multiple hospital stays are considered as one when the stays are a result of, or are related to, a single medical condition.
        • Sudbury Airport (YSB)Acronym, Sudbury, Ontario, Canada,
          • Sudbury Credit Union (SCU) Company, Ontario, Canada,
              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
            • Suffield Airport (YSD)Acronym, Canadian Forces Base Suffield, Alberta, Canada,
              • Sullivan Bay Airport (YTG)Acronym, Sullivan Bay, British Columbia, Canada,
                • Sum of Squared Deviations (SSD)Acronym,
                  • Summary Consolidated Financial Statements (SCFS)Acronym, Canada,
                    • Summary of Coverage (SOC)Acronym,
                      • Summer Beaver Airport (SUR)Acronym, Summer Beaver, Ontario, Canada,
                        • Summerland & District Credit Union (SDCU) Company Est. 1944, British Columbia, Canada,
                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                          • Summerside Airport (YSU)Acronym, Summerside, Prince Edward Island, Canada,
                            • Summit Lake Airport (IUM)Acronym, Summit Lake, British Columbia, Canada,
                              • Sump Pump (SP, smp)Acronym & Abbreviation,
                                • Sun Life Assurance Company Canada (SLACC)Company, Canada-wide,
                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                  • Sun Room (sun)Abbreviation,
                                    • Sunova Credit UnionCompany, Manitoba, Canada,
                                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                      • SunRise Credit UnionCompany, Manitoba, Canada,
                                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
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