Terms with Tag Banking

  • Commingling Definition,
    • Lumping together money from different sources so the sources cannot be distinguished.
  • Commissioners' Reserve Valuation Method Definition,
    • A method used to determine the minimum statutory reserves for annuities and insurance products.
  • Commitment Definition,
    • A written agreement from a lender promising to lend money on certain terms for a specified time period.
  • Commitment Fee Definition,
    • A fee paid by a borrower to a lender who promises to lend money on certain terms for a specified time period.
  • Community Bank Definition,
    • A bank that is locally owned and operated, but is not part of a bank holding company. Also referred to as an independent bank.
  • Community Credit Union (Manitoba)Company, Manitoba, Canada,
      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
    • Community Credit Union (Nova Scotia)Company, Nova Scotia, Canada,
        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
      • Community First Credit Union (CFCU) Company Est. 1948, Sault Ste. Marie, Ontario, Canada,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Community Saving & Credit UnionCompany, Ontario, Canada,
            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
          • Community Savings Credit UnionCompany, British Columbia, Canada,
              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
            • 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.
            • Compensation Employees Credit UnionCompany, British Columbia, Canada,
                A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
              • 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.
              • Comptroller Definition,
                • An individual who oversees and audits the financial reporting and accounting of an organization.
              • Conditional Commitment Definition,
                • A promise by a lender to make a loan if the borrower meets certain requirements.
              • Conditional Reserves Definition,
                • Reserves that are considered liabilities.
              • CONEXUS Credit UnionCompany, Saskatchewan, Canada,
                  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                • Consolidate Definition,
                  • To merge multiple things into one single thing.
                • Construction Loan Definition,
                  • A short-term interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses.
                • Construction to Permanent Loan Definition,
                  • A loan that finances the construction, then for a long-term, traditional mortgage, as distinct from a construction loan followed by a separate mortgage loan.
                • 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 Bankruptcy Definition,
                  • A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts.
                • Consumer Credit Definition,
                  • Loans for personal use as opposed to business or commercial lending. These loans are typically unsecured and not backed by collateral.
                • Consumer Debt Definition,
                  • Debts incurred for personal, as opposed to business, needs.
                • Consumption Conversion Factor (CCF)Acronym,
                  • Contemporaneous Reserve Accounting (CCR)Acronym,
                    • Contingent Beneficiary Definition,
                      • A beneficiary who only receives his or her benefit when specific conditions have been met.
                    • Continuous Link Settlement (CLS)Acronym,
                      • Contract Holder Definition,
                        • The entity that holds the rights to a obligation or debt.
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