Terms with Category Investments
- Cash Refund Annuity — Definition,
- An annuity that refunds any remaining balance to the beneficiaries or the annuitant's estate when the annuitant dies.
- Cash Surrender Value (CSV) — Acronym, Important,
- The liquid value of an insurance policy if the policyholder voluntarily cancels the policy before maturity or an insured event.
- Central Bank — Definition,
- An institution that manages a nation's monetary policy.
- Certified Annuity Specialist (CAS) — Acronym, Important,
- A professional who is certified to provide investment advice about annuities to clients.
- Charitable Gift Annuity (CGA) — Acronym, Canada, Very Important,
- A method to facilitate charitable giving whereby an individual transfers assets to a charity in exchange for a tax deduction and lifetime retirement income payments from the charity.
➥ A form of planned giving. - Chequing Account — Definition,
- A bank account that allows quick access to the money in the account.
- Child Support (CS) — Acronym,
- Monthly payments that contribute to the care of a child. Payments must be received continuously for one year to be counted toward qualifying income for a loan.
- Closed-end Fund — Definition,
- A mutual fund with shares initially sold to investors through an IPO; afterwards, the fund is listed on a stock exchange to be bought and sold.
- Closing Date (cloda) — Abbreviation,
- The date a buyer takes possession of a property title.
- Combination Account — Definition,
- An account that is part savings and part chequing. You may write cheques and you will be paid interest if you have enough money in the account.
- Commission (comm) — Abbreviation,
- A fee paid to a salesperson for selling a product to a customer.
- An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
- Commissioners' Reserve Valuation Method — Definition,
- A method used to determine the minimum statutory reserves for annuities and insurance products.
- Common Stock (CS) — Acronym,
- A security that allocates partial ownership in a corporation, but at a lower standing than preferred stocks.
- Commutation — Definition,
- An option given to the beneficiaries of annuities and life insurance policies that allows them to modify the frequency and size of benefit payments.
- Compound Interest — Definition,
- Interest that is calculated by adding the interest earned in the current period to the principal and figuring the next period's interest on this "compounded" total amount.
- Compounding Method — Definition,
- Used in Bank rate tables. These include: S--Simple interest. A--Compounded annually. H--Compounded semi-annually. Q--Compounded quarterly. M--Compounded monthly. D--Compounded daily.
- Constructive Receipt — Definition,
- The idea in which a taxpayer does not actually have to take possession of money for it to be taxable. An example of this is when savings account interest is reinvested rather than sent to the account holder as a separate payment. In this case, the account holder constructively received the interest because the earnings were credited to his account and could have been taken out at the owner's discretion. As such, the earnings are taxable.
- Consumer Price Index (CPI) — Acronym, Important,
- An index that measures movements in the average price of products and services typically consumed by Canadian families.
- Contingent Beneficiary — Definition,
- A beneficiary who only receives his or her benefit when specific conditions have been met.
- Contract Holder — Definition,
- The entity that holds the rights to a obligation or debt.
- Cooperative Mortgage — Definition, Important,
- A loan that allows the borrower to buy into a co-op project.
- Corporation — Definition,
- A legal entity that is legally separate from its owners and employees.
- Cost Basis — Definition,
- The original price paid for an investment which is also known as the basis or tax basis. The cost basis includes any commissions or fees paid when the investment was purchased.
- Cost of Living Adjustment (COLA) — Acronym,
- A method used to keep salaries and benefits in line with inflation by following an index such as the Consumer Price Index.
- Credit — Definition,
- Money that a lender gives to a borrower on condition of repayment over a certain period.
- Current Ratio — Definition,
- A method of determining an entity's liquidity and its ability to cover its current liabilities.
- Current Yield — Definition,
- The annual increase in the value of an investment, usually expressed as a percentage.
- Death Benefit (DB) — Acronym, Very Important,
- A payment or series of payments made to the beneficiaries of a life insurance policy.
➥ An amount paid to a beneficiary in a life linsurance policy. - Debt — Definition,
- Money one person or firm owes to another person or firm.
- Debt Consolidation — Definition,
- The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It's also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.
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Cash Refund Annuity -
Commission
Commission
