Terms with Tag Banking

  • Co-branded Card Definition,
    • A type of affinity card issued through a partnership or alliance between a bank and another retail company. For instance, a large department store may co-brand a card with a bank. The card would have two brand names on it -- the bank's name and the store's name. Usually, the attraction of the card is special deals with the retail partner. Many -- particularly the ones affiliated with airlines that offer air miles -- are popular enough to command a hefty annual fee.
  • Co-maker Definition,
    • Any party that co-signs a promissory note. All co-makers assume responsibility for the loan if any of the other co-signers renege.
  • Co-signer Definition,
    • A person who signs a promissory note that is also signed by one or more other parties. All parties take responsibility for the debt if any of the others renege.
  • Coast Capital Savings Credit Union (CCS) Company Est. 1940, British Columbia, Canada,
      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
    • Coastal Community Credit Union (CCCU) Company, British Columbia, Canada,
        A Canadian NHA approved mortgage lender. Offers reverse mortgages.
      • Coastal Financial Credit UnionCompany, Nova Scotia, Canada,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Collateral Definition,
          • Any property pledged as security for repayment of a debt.
        • Collection Definition,
          • The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
        • Collusion Definition,
          • A secret, deceitful agreement by two or more parties to defraud others.
        • Colonsay Credit UnionCompany, Saskatchewan, Canada,
            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
          • Columbia Valley Credit Union (CVCU) Company Est. 1955, Golden, British Columbia, Canada,
              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
            • 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.
            • Combined Loan-to-Value (CLTV) Acronym, Very Important,
              • The connection between the unpaid principal balances of all the mortgages on a property (first and second usually) and the property's appraised value (or sales price, if it is lower).
              A term used by mortgage lenders and mortgage underwriters.
            • Commerce Definition,
              • The systems and activities that impact business and trade within a nation and abroad.
            • Commercial Bank (CB) Acronym,
              • A financial institution that provides a broad range of services, from chequing and savings accounts to business loans and credit cards.
            • Commercial Bank Floating Rate (CBFR)Acronym,
              • Commercial Banking Definition,
                • Commercial banking centres serve small to medium-sized businesses such as franchising, leasing and cash management services.
              • Commercial Banking Centre (CBC)Acronym,
                • Commercial Banking Group (CBG)Acronym,
                  • Commercial Blanket Bond Definition,
                    • Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
                  • Commercial Forgery Policy Definition,
                    • Insurance that protects businesses from losses due to them unknowingly accepting forged or counterfeit checks as payment.
                  • Commercial Line of Business (CLOB)Acronym,
                    • Commercial Line of Credit (CLOC)Acronym,
                      • Commercial Loan Definition,
                        • A loan taken out by a business.
                      • Commercial Mortgage Definition, Very Important,
                        • A mortgage for commercial property.
                      • Commercial Online Banking (COB)Acronym,
                        • Commercial Paper (CP) Acronym,
                          • Unsecured notes issued by companies that mature within nine months. Generally, commercial paper is issued only by the larger and more credit worthy companies.
                        • Commercial Property Definition,
                          • A parcel in a district zoned for business.
                        • Commercial Real Estate Banking (CREB)Acronym,
                          • Commercial Real Estate Banking Analyst (CREBA)Acronym,
                            25.
                            Compare. Calculate. Apply today.
                            Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage