Terms with Tag Banking
- Belgian-Alliance 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.
- Bengough Savings & 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.
- Bergengren 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.
- Best's Capital Adequacy Relativity — Definition,
- A percentage used to measure a company's relative capital strength as compared to an industry peer composite.
- Biggar & District 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.
- Bilateral Contract — Definition,
- A legal agreement in which both parties promise to give each other something. A purchase agreement in which the buyer promises to give money and the seller promises to transfer property is a bilateral contract.
- Bill Payment Cancelled (BC) — Acronym, ➥ Bank account transaction code.
- Bill Presentment — Definition,
- An online system that allows customers to receive and view the bill on a computer, and then pay the bill electronically. Users can pay their bills immediately and the money is transferred from the account.
- Billing Cycle — Definition,
- The number of days between the last statement date and the current statement date.
- Billing Statement — Definition,
- A monthly bill that is sent by a creditor to the customer that provides a summary of the activity on an account. This can include balances, purchases, payments, credits, and finance charges.
- Blank Cheque — Definition,
- A cheque that does not have a dollar amount written on it.
- Bond — Definition,
- A certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date.
- Bond Ladder — Definition,
- A series of bonds with different maturity dates, often times evenly spaced over a set period of time.
- Book Value — Definition,
- The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
- A valuation method determined by taking the original cost of an asset and subtracting any depreciation, impairment or amortization costs.
- Boot — Definition,
- Cash or other property used in an exchange to make the values of property traded equal. For instance, if you trade in a delivery truck on a new model, the cash you pay in addition to your old truck is boot.
- Borrow — Definition,
- Sand, gravel or other material used for grading; a slope.
- To get a loan of money.
- Borrower — Definition,
- A person who borrows money or obtains a loan.
- Bow Valley Credit Union (BVCU) — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Branch Number (BN) — Acronym, Canada, ➥ Same as Transit Number which is then usually accompanied by an Institution Number and an Account Number.
- Bridge Financing — Definition,
- A short-term, high interest loan that allows a seller to purchase a new property before selling an existing property.
- Bridge Loan — Definition,
- A loan that "bridges" the gap between the purchase of a new home and the sale of the borrower's current home. The borrower's current home is used as collateral and the money is used to close on the new home before the current home is sold. Some are structured so they completely pay off the old home's first mortgage at the bridge loan's closing, while others pile the new debt on top of the old. They usually run for a term of six months.
- Bridge Mortgage — Definition, Important,
- A short-term loan used to allow a homebuyer to purchase a replacement property while still trying to sell their existing home.
- British American Bank Note Company (BABN) — Company Est. 1866, Montreal, Quebec, Canada, ➥ Canadian printing firm.
- Broadview 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.
- Broker (Bkr) — Abbreviation,
- A person or firm who acts on behalf of another.
- Broker-Agent — Definition,
- An individual, usually in the employ of an insurance company, that is licensed as both an insurance broker and agent.
- Bruno Savings & 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.
- Buduchnist Credit Union (BCU) — Company, Toronto, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Bulkley Valley Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Bull Market — Definition,
- When stock prices are increasing and it's a healthy market, this is known as a bull market.
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