Terms with Tag Banking
- Capital Investments — Definition,
- Money used to purchase permanent fixed assets for a business, such as machinery, land or buildings as opposed to day-to-day operating expenses.
- Capital Loss — Definition,
- When an asset is sold for less than what you paid, or less than its adjusted basis, it is a capital loss. However, when it comes to taxes a capital loss is not always bad because you can use it to reduce the amount of income being taxed by the amount of the loss, up to $3,000 per year. If your loss is more significant, the excess (or capital loss carryover) can be carried forward indefinitely until the total loss is used.
- Capitalization — Definition,
- An estimate of the value of a rental or commercial property using the rate of return on investment and the property's annual net operating income.
- Capitalization Rate — Definition,
- An estimated percentage rate of return that a property will produce on the owner's investment.
- Captive Finance Company — Definition,
- A finance company related to a specific dealer or manufacturer.
- Card Holder Agreement — Definition,
- A written agreement or contract between a credit card holder and the credit issuer that details the terms and conditions of a credit card account. This agreement must include the Annual Percentage Rate, the monthly minimum payment formula, the annual fee if applicable, and the cardholder's rights in billing disputes. Changes to the agreement can be made at any time by the issuer with prior written notice.
- Card Services for Credit Unions (CSCU) — Company, United States, ➥ Largest credit union card processing association in the US.
- Caribbean Development Bank (CDB) — Company,
- Carpathia Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Carrying Costs — Definition,
- The cost of maintaining a property.
- Casera Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Cash Advance Fee — Definition,
- A fee charged by the bank for using credit cards to withdraw money generally from an ATM or banking machine. This fee can be a flat fee per transaction or a percentage of the amount being advanced. For example, the fee may be set as: "2% / $10." This means the cash advance fee will be the greater of 2% of the cash advance amount or $10. Banks often limit the fee to a certain dollar amount.
- Cash Cards — Definition,
- Cash cards, similar to pre-paid phone cards, contain a set amount of value, which can be read by a special cash card reader. Participating retailers will use the reader to debit the card in increments until the value is gone. The cards are like cash -- they have no built-in security, so if lost or stolen, they can be used by anyone.
- Cash Collateral — Definition,
- The proceeds of cash collected from the sale of liquid assets while in bankruptcy.
- Cash Dispenser (CD) — Acronym,
- Cash Flow — Definition,
- The money an investment produces after subtracting cash expenses from income.
- Cash Flow Forecast — Definition,
- An estimate of when and how much money will be received and paid out of a business. It usually records cash flow on a month-by-month basis for a period of two years.
- Cash Method — Definition,
- The form of accounting in which you report income in the actual year you receive it and deduct expenses in the year you pay. Most individuals use this method. Under this system, if you built a deck and billed the client in December 1999 but didn't receive the cheque until January 2000, it would be counted as 2000 income, not 1999.
- Casualty and Theft Loss — Definition,
- A loss caused by a hurricane, earthquake, fire, flood, theft or similar event that is sudden, unexpected or unusual. You can deduct a portion of personal casualty or theft losses as an itemized deduction.
- CCEC Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Central 1 Credit Union (C1CU) — Company Est. 1944, British Columbia, Canada, Important, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Central Bank — Definition,
- An institution that manages a nation's monetary policy.
- Central Bank Money (CBM) — Acronym,
- Central Clearing and Settlement System (CCASS) — Acronym,
- Central Counterparty (CCP) — Acronym,
- Centralized Online Real-Time Exchange (CORE) — Acronym,
- Certificate of Deposit (CD) — Acronym,
- A time deposit product offered by US banks. In Canada these are referred to as guaranteed investment certificates or GICs.
- Certified Cheque (CC) — Acronym,
- A cheque that a bank guarantees will clear.
➥ Bank account transaction code. - Certified Electronic Funds Transfer (CEFT) — Acronym,
- Chartered Banks — Definition,
- Financial institutions regulated under the Bank Act. Chartered banks are designated as Schedule I or Schedule II depending on their ownership.
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