Terms with Tag Banking

  • Luminus Financial Company Est. 2011, Ontario, Canada,
      Formerly Starnews Credit Union which was established in 1951. A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
    • Lump Sum Payment Definition,
      • One-time single-sum payment or payout.
      • An extra payment made to reduce a loan.
    • Luseland Credit UnionCompany, Saskatchewan, Canada,
        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
      • Macklin Credit UnionCompany, Saskatchewan, Canada,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Macroeconomics Definition,
          • A study of the economy as a whole, particularly the interaction of its various components.
        • Margin Definition,
          • The difference between the cost and the selling price.
          • Expressed as percentage points, the amount that a lender adds to an index to arrive at the final interest rate. For example, if the index is 9 percent and the margin 2.75 percent, the final interest rate is 11.75 percent.
        • Marginal Propensity To Consume (MPC)Acronym,
          • Margosa Credit UnionCompany, Ontario, Canada,
              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
            • Marital Deduction Definition,
              • For estate tax and gift tax purposes, a deduction that allows you to transfer assets to your spouse tax-free.
            • Market Conditions Definition,
              • Factors that affect the sales of homes in an area, such as interest rates, the unemployment rate, home appreciation, weather and time of year.
            • Market Index Deposit (MID)Acronym,
              • Maturity Definition,
                • The date when the principal balance of a loan is due and payable to the lender. Also, the date when a bond pays off its principal.
              • Maturity Guarantee Definition,
                • A guarantee that after a certain date a contract, such as a life insurance policy or annuity, will have a minimum dollar value.
              • Maximum Payable Interest Rate (MPIR)Acronym,
                • McMaster Savings and Credit Union (MCU) Company, Hamilton, Ontario, Canada,
                    Merged with PACE Credit Union in 2012. A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                  • Me-Dian Credit Union of ManitobaCompany, Manitoba, Canada,
                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                    • Median Price Definition,
                      • In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.
                    • Member Savings Credit Union (MSCU) Company Est. 1949, Toronto, Ontario, Canada,
                        Originally called the LCBO Employees Credit Union (Liquor Control Board of Ontario). A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                      • MemberOne Credit Union (MOCU) Company Est. 1954, Toronto, Ontario, Canada,
                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                        • Mennonite Savings and Credit Union (MSCU) Company Est. 1964, Ottawa, Ontario, Canada,
                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                          • Merchandise Return (RN)Acronym,
                              Bank account transaction code.
                            • Merchant Deposit (ST)Acronym,
                                Bank account transaction code.
                              • Merchant Reversal (RV)Acronym,
                                  Bank account transaction code.
                                • Merged Credit Report Definition,
                                  • A summary of one's credit history from the big two credit bureaus: Equifax and Trans Union.
                                • Meridian Credit Union (MCU) Company Est. 1948, Ontario, Canada,
                                    Ontario's largest credit union. A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                  • Metro 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.
                                    • Microeconomics Definition,
                                      • Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
                                    • Midale Credit UnionCompany, Saskatchewan, Canada,
                                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                      • Minimum Average Balance to Avoid Fees Definition,
                                        • The balance in the account from day-to-day must average this amount when calculated. If the account balance falls below this amount you will be subject to the monthly charge and/or per usage transaction charges.
                                      • Minimum Balance to Open an Account Definition,
                                        • The minimum initial deposit required to open a bank account.
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