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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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international investment bank (IIB) — Acronym
International National Association of Certified Home Inspectors (InterNACH) — Company
International Organization for Standardization (ISO)Company Est.1946, Geneva, Switzerland
An international organization created to promote standardization around the world.
International Society of Appriasers (ISA) — Company Est.1979
international standard banking practice (ISBP) — Acronym
Inventive Financial Sector Education (IFSE) — Canada, Important
  ➥  Better known as the IFSE institute.
inventoryDefinition
Stock on hand in the form of goods ready for sale. Also includes raw material in the process of being manufactured or completed for sale.
investmentDefinition
Something you put your money into in order to make money.
investment banking (IBK)Definition
Bank operations that manage a bank's funding position, as well as its holdings of Treasury bills, bonds and preferred and common stock.
investment banking and investment management (IBIM) — Acronym
investment banking division (IBD) — Acronym
Investment Funds in Canada (IFC) — Canada
Provides in-depth studies in mutual funds, investment products and portfolios.
  ➥  A financial planning and wealth management course.
Investment Funds Institute of Canada (IFIC) — Company, Canada
investment in the contractDefinition
The principal that has been contributed to an annuity.
investment incomeDefinition
Income that is earned from investments such as interest, dividends, and capital gains.
Investment Industry Regulatory Organization of Canada (IIROC)Company, Toronto, Ontario, Canada, Important
An organization that regulates, sets standards, and has quasi-judicial power over securities dealers in Canada.
Investment Management Techniques (IMT) — Canada
Offers in-depth studies in investment policies, risk tolerance, securities, international investing and managed products.
  ➥  An investment management course needed to receive a CIM designation.
investment propertyDefinition
Property bought with the hope of it making money.
investment property mortgage (IPM) — Acronym
Investment Representative Training Program (IRT) — Canada
investment tax credit (ITC) — Canada
investments in affiliatesDefinition
A situation where an investor has a great deal of control over the operation and/or financial management of his or her investment.
Investors Association of Canada (IIAC) — Company, Canada
Investors Group (IG) — Acronym
Investors Group Trust Company (IGTC) — Company, Canada-wide
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
irredeemable convertible unsecured loan stocks (ICULS) — Acronym
irrevocableDefinition
Unalterable.
irrevocable beneficiaryDefinition
A life insurance or segregated fund beneficiary whose benefit cannot be revoked or modified in any way without his or her consent.
irrevocable life insurance trust (ILIT) — Acronym
issue ageDefinition
The policyholder's age when the policy was first issued, to the nearest year.
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