Canadian Financial, Real Estate and Mortgage Glossary

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Face Value — Finance Charge
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Finance, Insurance and...First National Financial
face valueDefinition
The value of an asset, or the size of an insurance benefit.
The world's most used social network launched in 2004.
Fair Isaac Corporation (FICO) — Company Est.1956
  ➥  Introduced the FICO® Score used in credit reports.
fair market rental value (FMRV) — Acronym
fair market value (FMV)Definition, Very Important
The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
fake claimDefinition
An insurance claim made fraudulently.
family income riderDefinition
A recurring or lump sum life insurance benefit that matches the policyholder's income.
An acronym for "frequently asked questions."
Farm Credit Canada (FCC) — Company, Canada
farmowners (FO) — Acronym
  ➥  Insurance policy covering farm owner's property.
Federal Income Tax Act (FITA) — Canada
Federation of Canadian Municipalities (FCM) — Est. 1901, Canada
  ➥  Represents the interests of municipalities on policy and program matters that fall within Canadian federal jurisdiction.
fee simpleDefinition
Outright ownership of real estate, free of any liens or other claims against title.
fee simple defeasibleDefinition
When a person has outright ownership of real estate (free of any liens or other claims against title), but the use of the property is restricted.
Fellow of the Canadian Institute of Planners (FCIP) — Canada
Fellow of the Canadian Securities Institute (FCSI) — Canada
Fellow of the Institute of Chartered Accounts (FCA) — Canada
Fellow of the Insurance Institute of Canada (FIIC) — Canada
Fellow of the Real Estate Institute (FRI) — Canada
  ➥  Real Estate Institute of Canada accreditation.
Fellow, Chartered Insurance Professional (FCIP) — Canada
  ➥  Insurance education and accreditation courses offered by The Insurance Institute of Canada.
fidelity bondDefinition
Insurance that protects a business from losses due to employee fraud, such as theft, forgery or fraudulent trading.
An individual, company, or association that manages assets for another party. Fiduciaries include executors of wills and estates, trustees, receivers in bankruptcy, and those responsible for managing the finances of a minor.
fiduciary dutyDefinition
A requirement that someone in a position of trust, such as a banker, real-estate agent, or title agent, must act in good faith and trust on behalf of a client.
Fiduciary Trust Company of Canada (FTCC) — Company, Calgary, Alberta, Canada
Fiducie Desjardins — Company, Canada-wide
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
field changesDefinition
Modifications made to a building on-site.
file name extension of a compressed file (ZIP) — Acronym
filing extensionDefinition
An additional amount of time to file your return. A filing extension, however, does not give you more time to pay your taxes.
Finance CanadaCompany, Canada-wide
Federal department responsible for Canada's economic performance and regulation of financial institutions.
finance chargeDefinition
Charges that include all of the interest expected to be earned over the life of a loan, in addition to the service charges, mortgage insurance premiums, and other loan-related charges.
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Face Value — Finance Charge
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Finance, Insurance and...First National Financial

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Flex Room
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Foreign Tax Credit
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