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


GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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annuity considerationDefinition
The payment(s) made by an individual in order to accumulate value in an annuity.
annuity contractDefinition
A contract that outlines each party's responsibilities as they relate to an annuity.
annuity due (AD) — Acronym, Important
annuity factor methodDefinition
A way of determining the maximum amount an annuitant can withdraw from an annuity before penalties are applied.
annuity in advanceDefinition
When payments are made at the start of a period as opposed to the end.
annuity in arrearsDefinition
When payments are made at the end of a period as opposed to the start.
annuity ladderDefinition
A financial plan to purchase multiple annuities from different companies over a number of years in order to minimize interest rate risk and the risk of a total loss.
annuity tableDefinition
A table that can be used to find the future value of an annuity.
anticipatory breachDefinition
A notification that one party to a contract plans to renege, releasing the other party from having to fulfill its end of the agreement.
application feeDefinition
What the lender charges to process the document in which a prospective borrower details his or her financial situation to qualify for a loan.
Applied Financial Planning (AFP) — Canada
appraisalDefinition
An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
appraisal feeDefinition
What someone charges to deliver a professional opinion about how much a property is worth.
Appraisal Institute of Canada (AIC) — Company Est.1938, Ottawa, Ontario, Canada, Important
Provides regulations and standards within the Canadian appraisal industry.
Appraisal Institute of Canada – Newfoundland and Labrador (AICNL) — Company, Newfoundland and Labrador, Canada
  ➥  Represents members of the Appraisal Institute of Canada (AIC) located throughout the province of Newfoundland and Labrador.
appraisal reportDefinition
A detailed evaluation of the value of a property based on an inspection and a review of the values of nearby, comparable properties.
appraised valueDefinition
An educated opinion of how much a property is worth.
appraiserDefinition
A person qualified by education, training, and experience to estimate the value of real property and personal property.
appreciationDefinition
An increase in the value of a property or item.
approvalDefinition
An assessment made by a lender of a borrower's ability to pay for a home and a confirmation of the amount the borrower may obtain.
approved for reinsuranceDefinition
A company that is certified to provide reinsurance in a certain area.
arbitrationDefinition
A dispute-resolution method in which an impartial third party, agreed upon by all sides beforehand, makes a decision.
architectDefinition
One who designs buildings.
architectural feesDefinition
Compensation paid to a person who designs buildings.
architectural significanceDefinition
How important a structure is.
arpentDefinition
An area equal to about 0.845 acres, traditionally used in France, Quebec and Louisiana. Nowadays, hectares and acres are more commonly used measurements of area.
as is where isDefinition
The buyer must examine the goods or property and buy at his or her own risk.
asbestos (asb)Definition
A fire-resistant element that once was commonly used for insulation. It poses a lung hazard.
asking priceDefinition
The amount of money the seller requests for the property or item.
assessment rollsDefinition
Lists of taxable property.
Previous Page
American National...Annuity Certain
 
Currently Displayed — Page 6
Annuity Consideration — Assessment Rolls
  Next Page
AssessmentsAudit

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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