Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®


GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Accredited Mortgage...Additional Principal...
 
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Additional Property — Aggregate Stop Loss
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Agreed BoundaryAmerican Growth Fund
additional propertyDefinition
A property that is owned by the person that is not being financed.
adequacy of coverageDefinition
An assessment of how well an entity's property and assets are insured against potential losses.
adjustable rate preferred stock (ARPS) — Acronym
adjusted balanceDefinition
A method used by some card issuers in which they subtract all payments made during the month, then add the finance charges.
adjusted basisDefinition
The amount you use to determine your profit or loss from a sale or exchange of property.
adjusted cost base (ACB) — Canada, Important
adjusted cost basisDefinition
The amount paid for an item, plus the amount paid for improvements, minus losses and depreciation. When the owner sells the item, the difference between the sales price and the adjusted cost basis is the profit or loss.
adjusted debit balance (ADB) — Acronym
adjusted net worth (ANW) — Acronym
adjusted operating cash flow (AOCF) — Acronym
adjusted operating profit (AOP) — Acronym
adjustment periodDefinition
The time between changes in the interest rate in an adjustable-rate mortgage.
administrative service contract (ASC) — Acronym
administrative services only (ASO) — Acronym
Advanced Estate Planning and Trust Strategies (AETS) — Canada
Advanced Investment Strategies (AIS) — Canada
Advanced Retirement Management Strategies (ARMS) — Canada
adverse possessionDefinition
A means of getting title to land by using it without the objection of the title holder.
adverse useDefinition
Use of someone's property without permission.
Aetna Life Insurance and Annuity Company (ALIAC) — Company
affidavitDefinition
A written statement sworn to before an authorized official such as a notary public, or commissioner for oaths.
affinity cardDefinition
A credit card (usually Visa or MasterCard) that has a promotion arrangement with an affiliated organization (often a charity or non-profit group). The logo of the group appears on the card and the group usually gets a percentage of the sales made on the card.
after repair value (ARV) — Acronym
An approximation of a property's market value after needed repairs or renovations are made.
  ➥  Similar to Fair Market Value.
aged trial balance (ATB) — Acronym
A ledger style view of client transactions usually showing accounts receivable or outstanding amounts sorted by date.
agency (agcy)Definition
A relationship between two parties -- a client and an agent -- in which the agent represents the client in transactions with a third party.
agency closingDefinition
The use of a title company to supervise the meeting where the property is transferred and mortgage is settled.
agent (agt)Definition
A person who acts on behalf of another. In real estate, an agent is a person who conducts transactions on behalf of sellers and sometimes buyers.
AGF Trust Company — Company Est.1988, Canada-wide, Important
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
aggregate limit of liabilityDefinition
A restriction on the amount of liability an insured entity can place on an insurer in a specific time period.
aggregate stop loss (ASL) — Acronym
Previous Page
Accredited Mortgage...Additional Principal...
 
Currently Displayed — Page 3
Additional Property — Aggregate Stop Loss
  Next Page
Agreed BoundaryAmerican Growth Fund

Search the Glossary

Index for The Letter 'a'

Page 1: Abandonment
Accounts Receivable/Accounts...
Page 2: Accredited Mortgage Broker
Additional Principal Payment
Page 3: Additional Property
Aggregate Stop Loss
Page 4: Agreed Boundary
American Growth Fund
Page 5: American National Standards...
Annuity Certain
Page 6: Annuity Consideration
Assessment Rolls
Page 7: Assessments
Audit
Page 8: Auditing and Assurance...
Aviation Easement

Notable Terms

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