Terms with Tag Banking
- Fresh Start — Definition,
- The characterization of a debtor's status after bankruptcy. i.e., free of most debts.
- Friendly Takeover — Definition,
- When a company purchases another and both parties' management approve.
- Fringe Benefit — Definition,
- Employee compensation other than your wages, tips and salaries, such as health insurance, life insurance and pension plans. Usually referred to as a Bonus.
- Frontline Financial Credit Union (FFCU) — Company, Ottawa, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Full Income Verification — Definition,
- A requirement for fully documented proof of income; loans of this type usually offer lower interest rates than no-income or "no-doc" verification loans.
- Funds Transfer System (FTS) — Acronym,
- Futures — Definition,
- Contracts to buy something in the future at a price agreed upon in advance. They first developed in the agriculture commodity markets but often involve foreign exchange, Eurodollar deposits and government bonds.
- Ganaraska Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Garnishment — Definition,
- An amount withheld from your pay and remitted to another party, such as a creditor. You must include in your taxable income any amount that was garnished from your pay, because the full amount of your pay is considered to have been received by you even though some was withheld to pay your debts.
- Glace Bay Central Credit Union — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Global Investment Banking Division (GIBD) — Acronym,
- Global Retail and Commercial Banking (GRCB) — Acronym,
- Golden Horseshoe Credit Union (GHCU) — Company, Ontario, Canada,
- Goldman Sachs Canada, Inc. (GSCI) — Company, Canada,
- Good Credit — Definition,
- Someone who carries little credit risk.
- Goods and Services Tax (GS, GST) — Acronym, Canada,
- A sales tax that applies in all Canadian provinces charged at 5% (as of 2012).
➥ Bank account transaction code. - Goodsoil Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Govan Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Government Finance Officers Association (GFOA) — Company Est. 1979, ➥ The Alberta chapter was established in 1979, but GFOA has been in existence since 1906.
- Government National Mortgage Association (GNMA) — Company, United States, ➥ A US mortgage association also known as Ginnie Mae.
- Grace Period — Definition,
- If the credit card user does not carry a balance, the grace period is the interest-free time a lender allows between the transaction date and the billing date. The standard grace period is usually between 20 and 30 days. If there is no grace period, finance charges will accrue the moment a purchase is made with the credit card. People who carry a balance on their credit cards have no grace period.
- A window of time where a policyholder still has time to pay insurance premiums.
- Grand Bank Development Corporation (GBDC) — Company, Grand Bank, Newfoundland, Canada,
- Grand Forks District Savings Credit Union (GFDSCU) — Company Est. 1949, Grand Forks, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Grand River Credit Union (GRCU) — Company Est. 1948, Ottawa, Ontario, Canada, ➥ Joined with Your Neighbourhood Credit Union in October 2007.
- Grandview 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.
- Greater Vancouver Community Credit Union (GVC, GVCCU) — 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.
- Greater Victoria Savings Credit Union (GVSCU) — Company, British Columbia, Canada, ➥ Merged with Vancity Savings Credit Union in 2008.
- Grey Bruce Health Services Credit Union (GBHSCU) — Company, Owen Sound, Ontario, Canada, ➥ Credit Union closed and accounts assumed by Meridian on September 30, 2012.
- Gross Income — Definition,
- Normal annual income including overtime that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source, but other income may qualify if it is significant and stable.
- Gross International Reserves (GIR) — Acronym,
- Readily available foreign assets consisting of holdings in gold, special drawing rights (SDR), foreign investment, and foreign exchange.
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