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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Institute of Advanced Financial Planners (IAFP) — Company Est.2002, Vancouver, British Columbia, Canada
  ➥  Offers the R.F.P.® (Registered Financial Planner™) professional designation.
Institute of Chartered Accountants of British Columbia (ICABC) — Company Est.1905, British Columbia, Canada
  ➥  Largest accounting organization in British Columbia.
Institute of Chartered Accountants of Nova Scotia (ICANS) — Company Est.1900, Nova Scotia, Canada
  ➥  A self-governing association formed by Chartered Accountants in Nova Scotia.
Institute of Chartered Accountants of Ontario (ICAO) — Company, Ontario, Canada
Institute of Insurance and Pension Research (IIPR) — Company, Canada
instrumental activities of daily living (IADL) — Acronym
insufficient funds (ISF)Definition
When funds are not enough to satisfy the payment of a cheque or draft made on that account; also known as non-sufficient funds (NSF).
insurable interestDefinition
Something of sufficient worth and benefit that an individual or entity would have reason to insure against its lost.
insurable titleDefinition
A title that can be insured.
insurable valueDefinition
The total amount that an asset can be insured for.
insurance (insur)Definition
An arrangement where one party provides financial protection to another party for specific damages or losses.
insurance attorneyDefinition
An attorney who works with insurance law.
insurance brokerDefinition
An agent who sells insurance policies.
Insurance Brokers Association of Alberta (IBAA) — Company Est.1921, Edmonton, Alberta, Canada
Insurance Brokers Association of British Columbia (IBABC) — Company Est.1858, Vancouver, British Columbia, Canada
Insurance Brokers Association of Manitoba (IBAM) — Company, Winnipeg, Manitoba, Canada
Insurance Brokers Association of New Brunswick (IBANB) — Company, Fredericton, New Brunswick, Canada
Insurance Brokers Association of Newfoundland (IBAN) — Company, St. John's, Newfoundland, Canada
Insurance Brokers Association of Nova Scotia (IBANS) — Company Est.1949, Halifax, Nova Scotia, Canada
Insurance Brokers Association of Ontario (IBAO) — Company, Toronto, Ontario, Canada
Insurance Bureau of Canada (IBC) — Company, Canada
insurance claimDefinition
An application for benefits made by an insurance policyholder after an insured event.
Insurance Corporation of British Columbia (ICBC) — Company Est.1973, North Vancouver, British Columbia, Canada, Important
insurance cycleDefinition
A cycle of soft and hard market conditions observed in the insurance and underwriting industry.
insurance fraudDefinition
An illegal attempt by an individual or entity to receive insurance benefits that they would otherwise not be entitled to or for an insurance company to deny a legitimate insurance claim.
Insurance Institute of British Columbia (IIBC) — Company, Vancouver, British Columbia, Canada
Insurance Institute of Canada (IIC)Company Est.1899, Canada
A group of insurance professionals who work together to provide education and training programs, professional development, and networking for students and insurance professionals.
insurance policyDefinition
A legal contract between an insurer and entity that specifies what the insurer is required to cover and any benefits the insured entity is entitled to.
insurance proceedsDefinition
The benefits received by an individual after a claim has been verified.
insurance renewalDefinition
Extending the term length on an insurance policy.
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Independent Living Program
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Institute for Research in...
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Insurance Renewal
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International Financial...
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