Terms Starting with S

  • Settlement Points Definition,
    • Regional collection points in the clearing and settlement system operated by the Canadian Payments Association. Settlement points forward each bank's regional balance to the Bank of Canada in Ottawa at the end of each day to allow the central bank to adjust the banks' balances with the central bank.
  • Settlement Statement Definition,
    • A document that details who has paid how much to whom.
  • Severely Indebted Low-Income Country (SILIC)Acronym,
    • Severely Indebted Middle-Income Country (SIMIC)Acronym,
      • Sewer (sew, swr)Abbreviation,
        • Sexually Transmitted Disease (STD)Acronym,
          • Shamattawa Airport (ZTM)Acronym, Shamattawa, Manitoba, Canada,
            • Share Certificate Definition,
              • A certificate of deposit issued by a credit union that pays a specific dividend if held for a specific period. It's the credit union equivalent of a certificate of deposit. A penalty is usually assessed if all or any of the principal is withdrawn before maturity.
            • Shared Drive (shdr)Abbreviation,
              • Shared Well (shwl)Abbreviation,
                • Shared-Appreciation Mortgage (SAM) Acronym,
                  • 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.
                  • 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.
                • Shared-Equity Mortgage (SEM)Acronym,
                  • Sharons Credit UnionCompany, British Columbia, Canada,
                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                    • 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.
                      • Shearwater Airport (YSX, YAW)Acronym, Shearwater, Nova Scotia, Canada,
                        • Shell Employees Credit UnionCompany, Alberta, Canada,
                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                          • Sherbrooke Airport (YSC)Acronym, Sherbrooke, Nova Scotia, Canada,
                            • Shilo Airport (YLO)Acronym, Shilo, Manitoba, Canada,
                              • Shingle (shng)Abbreviation,
                                • Shipowner's Liability (SMP)Acronym,
                                  • Shipping (shpg)Abbreviation,
                                    • Shopping (shpg)Abbreviation,
                                      • 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.
                                      • Short Term Disability (STD)Acronym, Important,
                                        • An injury or illness that prevents a person from working for only a short time.
                                      • Short Term Interest Rate (STIR)Acronym,
                                        • Short Term Interest Rate Trading (STIRT)Acronym,
                                          • Short-Term Capital Gain (STCG) Acronym,
                                            • Your gain from the sale of a capital asset that you held for one year or less.
                                          • Short-term Capital Loss Definition,
                                            • Your loss from the sale of a capital asset that you held for one year or less.
                                          • Short-Term Disability Insurance (STDI)Acronym,
                                            • Short-Term Financial Assistance (STFA)Acronym,
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