Terms with Tag Banking
- Tenant — Definition,
- One who rents property.
- Term — Definition,
- The length of time you commit to repay a lender or bank at an agreed upon interest rate and payment schedule. The interest rate usually remains constant during this term unless the commitment states otherwise. For example, a five year fixed rate mortgage has a term of five years.
- Term Deposit (TD) — Acronym,
- An investment product in which you deposit a fixed sum of money for a set period of time and are paid interest.
- Testimonial — Definition,
- A statement of support for a product or service.
- Thamesville Community Credit Union (TCCU) — Company Est. 1955, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- The Energy Credit Union (TECU) — Company Est. 1941, Toronto, Ontario, Canada, ➥ Formerly known as The Toronto Electrical Utilities Credit Union Limited.
- The Fire Department Employees 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.
- The Police Credit Union (TPCU) — Company Est. 1946, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Third-party Originator — Definition,
- One who takes all or part of the mortgage application and transfers or sells it to a lender.
- Thorold Community Credit Union (TCCU) — Company Est. 1948, Thorold, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Tiered Money Market Account (TMMA) — Acronym,
- Time Deposit — Definition,
- A type of deposit account with a stated maturity at which time the account reverts to another type of account or is "rolled over" for another fixed period of time.
- Title Loan — Definition,
- A loan that uses a car as collateral.
- Toronto Dominion (TD) — Company, Canada, Important,
- Toronto Dominion Bank Financial Group (TDBFG) — Company, Canada,
- Toronto Dominion Canada Trust (TDCT) — Company, Canada,
- Toronto Municipal Employees' Credit Union (TMECU) — Company Est. 1940, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Toronto-Dominion Bank (TDB) — Company, Canada-wide, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Torquay 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.
- Trade Equity — Definition,
- A swap of property, such as real estate or a car, as part of a down payment for other real estate.
- Trans Canada Credit Union (TCCU) — Company Est. 1958, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Transaction — Definition,
- Action in a bank account. It may be a deposit, withdrawal, debit card payment, service charge or interest payment.
- Transaction Date (TRNSDATE) — Acronym,
- The date that goods or services were purchased or the date the cash advance was made.
- Transfer of Funds (TF) — Acronym, ➥ Bank account transaction code.
- Travellers' Cheques — Definition,
- These are a safe way to carry large amounts of money if you are going on a trip. They are considered to be the same as cash, but can be replaced if they are lost or stolen. You can buy them at your bank for a small fee. If you have a special service package, you may not have to pay this fee.
- Treasury Bills — Definition,
- Short-term government obligations that are payable to the bearer and sold on a discount basis; the difference between a T-bill's market or discounted price and its face or redemption value is effectively interest if the T-bill is held to maturity.
- Trust — Definition,
- A fund established like a will, specifying how money or property will be disbursed, lists the recipients or beneficiaries and names one or more trustees to manage the assets. An irrevocable trust can't be changed after the terms are finalized; a revocable trust has more legroom in how much can be transferred, but is usually costlier to maintain.
- Trust Account — Definition,
- An account used by a law firm or real estate agent to handle earnest money, funds set aside for repairs and other money that the buyer and seller put up before closing.
- Trust Company — Definition,
- A company that acts as a trustee (an entity that controls financial assets on the behalf of another).
- Trustee — Definition,
- A person who holds and manages assets for the benefit of beneficiaries.
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