Canadian Financial, Real Estate and Mortgage Glossary

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agreed boundaryDefinition
Property lines that are drawn to settle a dispute between neighbouring property owners.
agreement of sale (AOS)Definition
A document in which a property's buyer and seller approve the price and other terms of the transfer of title.
air lock (AL)Definition
A small room with two doors, one door leads to the outside and one leads into the rest of the home.
Air MilesCompany
One of the most popular rewards issued by airline-affiliated co-branded cards. Air miles are earned with every use of the card, and then transferred monthly to the cardholder's account with that airline.
Alberta (ALTA) — Alberta, Canada
Alberta Family Employment Tax Credit (AFETC) — Alberta, Canada
A program funded by the Government of Alberta to help low to middle income working families provide for their children.
  ➥  Alberta tax credit.
Alberta Heritage Savings Trust Fund (AHSTF) — Alberta, Canada
Alberta Motor Association (AMA) — Company, Alberta, Canada, Important
  ➥  Provincial branch of Canadian Automobile Association / American Automobile Association.
Alberta Motor Vehicle Industry Council (AMVIC) — Company Est.1999, Alberta, Canada
Alberta New Home Warranty Program (ANHWP) — Company Est.1974, Alberta, Canada
Provides a standardized package of warranty protections and services for use by home builders in Alberta.
Alberta Real Estate Association (AREA) — Company, Calgary, Alberta, Canada
Alberta Real Estate Foundation (AREF) — Company Est.1991, Alberta, Canada
Alberta Securities Commission (ASC) — Company, Calgary, Alberta, Canada, Important
Regulatory agency responsible for administering the Province of Alberta's securities laws.
  ➥  A member of the Canadian Securities Administrators (CSA).
Alberta Teachers' Retirement Fund (ATRF) — Company Est.1939, Edmonton, Alberta, Canada
  ➥  Alberta pension plan.
Alberta Treasury Branches (ATB) — Company, Alberta, Canada
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
alienation clauseDefinition
A requirement that the borrower pay the mortgage in full upon transfer of the property.
Monthly payments received by an ex-spouse. Payments must be received continuously for one year to be counted toward qualifying income for a loan.
all-in-one (AIO) — Acronym, Important
allocated loss adjustment expense (ALAE)Definition
Expenses incurred by loss adjusters when they investigate and settle claims.
allowance (ALW) — Canada
  ➥  In relation to Guaranteed Income Supplement (GIS).
allowance for the survivor (ALWS) — Canada
Money set aside by builders for amenities, such as driveways, landscaping, carpeting and fixtures, that are standard but have optional designs.
Alta West Mortgage (AWM) — Company, Canada-wide
alternate cash surrender value (ACSV) — Acronym
alternative minimum tax (AMT)Definition
This tax primarily affects high-income taxpayers who shelter some of their income from tax through certain tax preference items or deductions. It is often referred to in tax publications as AMT and, if your income meets the limit, you have to recalculate your tax due based on the separate alternative minimum tax rates and tables.
  ➥  Form T691.
alternative mortgageDefinition, Important
A home loan that is not a standard fixed-rate mortgage.
Amenities are features such as green space, playgrounds, community centres, shopping malls, or swimming pools that make a neighbourhood or community more desirable for living.
American Depositary Receipt (ADR) — Acronym
A negotiable certificate issued by U.S. banks representing ownership or a claim on foreign securities.
American Express Company (AMEX, AXP)Company, Important
A corporation known for its credit card business.
American Growth Fund (AGF) — Company Est.1957, Toronto, Ontario, Canada
  ➥  Canadian investment management firm.
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Additional PropertyAggregate Stop Loss
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Agreed Boundary — American Growth Fund
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American National...Annuity Certain

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Index for The Letter 'a'

Page 1: Abandonment
Accounts Receivable/Accounts...
Page 2: Accredited Mortgage Broker
Additional Principal Payment
Page 3: Additional Property
Aggregate Stop Loss
Page 4: Agreed Boundary
American Growth Fund
Page 5: American National Standards...
Annuity Certain
Page 6: Annuity Consideration
Assessment Rolls
Page 7: Assessments
Page 8: Auditing and Assurance...
Aviation Easement

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