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

Canadian Financial, Real Estate and Mortgage Glossary

yacht damage waiver (YDW) — Acronym
yacht insuranceDefinition
Insurance that covers yacht and pleasure boat owners for damages and liability.
year-end statementDefinition
A report sent to the borrower each year. The report shows how much was paid in taxes and interest during the year, as well as the remaining mortgage loan balance at the end of the year.
year-to-date (YTD) — Acronym
The period, no longer than twelve months, beginning at the start of a fiscal year up to the reported date.
yearly maximum pensionable earnings (YMPE) — Canada
The maximum limit to the amount of pensionable earnings a contributor would receive from the Canada Pension Plan (CPP). This value is indexed annually by the Canadian Federal Government and used in the calculation of the CPP Bridge Benefit. Pensions increase based on the Consumer Price Index (CPI).
  ➥  A term used relation to the Canadian Pension Plan.
yearly price protection methodDefinition
A calculation used to determine the annual cost of protection for insurance policies with savings components.
yearly probability of dyingDefinition
The likelihood that an individual of a certain age and gender will die within a year.
yearly probability of livingDefinition
The likelihood that an individual of a certain age and gender will still be alive after a year has passed.
yearly renewable group term insuranceDefinition
A group insurance policy that is annually reviewed to keep premiums manageable.
yearly renewable term (YRT) — Acronym, Important
yield-to-maturity (YTM)Definition
The internal rate of return on an investment. Typically takes into account all investment returns and their timing.
York University (YU) — Company, Toronto, Ontario, Canada
York University Finance and Investment Club (YUFIC) — Company, Toronto, Ontario, Canada

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