Terms Starting with T

  • Title Company Definition,
    • A company that checks a property's title for liens and other obstacles to sale, fixes any clouds to title, supervises the closing transaction, and makes sure that money transfers in a purchase are processed correctly.
  • Third-party Originator Definition,
    • One who takes all or part of the mortgage application and transfers or sells it to a lender.
  • Term Definition,
    • The length of time you commit to repay a lender or bank at an agreed upon interest rate and payment schedule. The interest rate usually remains constant during this term unless the commitment states otherwise. For example, a five year fixed rate mortgage has a term of five years.
  • Trust Account Definition,
    • An account used by a law firm or real estate agent to handle earnest money, funds set aside for repairs and other money that the buyer and seller put up before closing.
  • Terrace Bay Airport (YTJ)Acronym, Terrace Bay, Ontario, Canada,
    • Takeover Definition,
      • The purchase of a company by another.
    • Transport Canada (TC) Company, Canada,
        Department within the Government of Canada.
      • Temporary Partial Disability (TPD)Acronym,
        • Tudor-Style (tudr)Abbreviation,
          • Thicket Portage Airport (YTD)Acronym, Thicket Portage, Manitoba, Canada,
            • Tuition Tax Credit (TTC)Acronym, Canada,
              • The tuition tax credit allows Canadian students to reduce their income taxes by taking into account tuition fees for certain types of education.
              Tax credit.
            • Tear-down Condition Definition,
              • A house that is bought so it can be razed to make room for a newer house; usually located in a spectacular setting.
            • Tax Deduction Definition,
              • An expense that governments allow you to subtract from your income before computing your income tax.
            • Tenant Definition,
              • One who rents property.
            • Trade-Related Investment Measures (TRIMs)Abbreviation,
              • Total Rooms (rms)Abbreviation,
                • Total Evaporative Water Loss (TEWL)Acronym,
                  • Tangible Personal Property (TPP) Acronym,
                    • Assets other than real estate that physically exist. Business equipment and vehicles are tangible personal property whereas stock certificates and franchises only represent value and are therefore intangible property.
                  • Terms (trms)Abbreviation,
                    • Tax Liability Definition,
                      • The total amount of tax you owe.
                    • Tax Instalment Payment Plan (TIPP) Acronym, Canada,
                      • A popular property tax payment plan that allows you to pay your taxes monthly without any penalties or additional charges.
                    • Treasury Board Secretariat (TBS)Acronym, Canada,
                      • Taxed-Exempt-Exempt (TEE)Acronym,
                        • Treasury receipts (TRs)Abbreviation,
                          • Trade Union Advisory Committee to the OECD (TUAC)Acronym,
                            • Transamerica Life Canada LoanCompany, Canada-wide,
                                A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                              • Tortfeasor Definition,
                                • A party who commits a tort (a civil wrong).
                              • Trade-Related Aspects of Intellectual Property Rights (TRIPs)Abbreviation,
                                • Tax-Exempt Fuel Users (TEFU)Acronym, Canada,
                                  • Turnabout (Trnabt)Abbreviation, Canada,
                                      Canada Post street abbrevation.
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