Terms Starting with S

  • Schedule II Banks Definition,
    • A designation in the Bank Act that refers to foreign-owned banks and closely held Canadian banks, i.e., banks in which an owner may hold more than 10% of outstanding stock.
  • Saskatchewan Government Insurance (SGI) Company, Saskatchewan, Canada, Important,
    • Simple Interest Loan Definition,
      • A method of allocating the monthly payment between interest and principal. The interest charged is determined by the unpaid principal balance on the loan, the interest rate, and the number of days since the last payment. The rest of the payment goes to the principal. Making early payments or additional payments reduces the loan's principal and cuts the total interest paid over the life of the loan.
    • Steel Centre Credit UnionCompany, Nova Scotia, Canada,
        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
      • South Asia Partnership (SAP)Acronym, Canada,
        • Selective Capital Increase (SCI)Acronym,
          • Small Agencies Administrators' Network (SAAN)Acronym, Canada,
              (Community of Federal Agencies)
            • Senior Right of Way Agent (SRWA)Acronym,
              • State-Owned Enterprise (SOE)Acronym,
                • Solvency Definition,
                  • To be able to meet one's financial liabilities in the short or long term.
                • Saskatchewan Association of Architects (SAA) Company Est. 1912, Saskatchewan, Canada,
                  • Short-Term Revolving Credit (STRC)Acronym,
                    • Short Tax Year Definition,
                      • A tax period less than 12 months long, resulting from a business start-up or the transition to a tax year ending on a different date.
                    • Senior (sn)Abbreviation,
                      • Schedule I Banks Definition,
                        • A designation in the Bank Act that refers to Canadian-owned banks that are widely held, i.e., ones in which no one owner holds more than 10% of shares.
                      • Southern Exposure (so ex)Abbreviation,
                        • An apartment that faces south.
                      • Sanford Credit UnionCompany, Manitoba, Canada,
                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                        • Saint-Augustin/Pakuashipi Airport (YIF)Acronym, Saint-Augustin, Quebec, Canada,
                          • Saskatchewan Land Surveyors' Association (SLSA) Company Est. 1910, Saskatchewan, Canada,
                            • Same Day Funds Settlement (SDFS)Acronym,
                              • Sub-prime Borrower Definition,
                                • A borrower with a less-than-perfect credit report due to late payments or a default on debt payments.
                              • Sub Area (sba)Abbreviation,
                                • Semi-custom Home Definition,
                                  • A house in which the buyer cannot alter the layout, but can specify amenities such as type of cabinets and floor coverings.
                                • Sale and Repurchase Agreements (SRAs)Abbreviation,
                                  • Sublet Definition,
                                    • An arrangement where a tenant leases property to a subtenant.
                                  • Small Office / Home Office (SOHO) Acronym, Important,
                                    • An additional small room within a home often used as an office.
                                  • Stop Loss Insurance Definition,
                                    • A low premium, high deductible insurance policy with an upper limit on coverage.
                                  • Saskatchewan Urban Municipalities Association (SUMA) Company Est. 1906, Saskatchewan, Canada,
                                    • Swan Valley Credit Union (SVCU) Company Est. 1953, Manitoba, Canada,
                                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                      • Self Employed Insurance Group (SEIG)Company, United States,
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