Terms with Tag Banking
- Co-branded Card — Definition,
- A type of affinity card issued through a partnership or alliance between a bank and another retail company. For instance, a large department store may co-brand a card with a bank. The card would have two brand names on it -- the bank's name and the store's name. Usually, the attraction of the card is special deals with the retail partner. Many -- particularly the ones affiliated with airlines that offer air miles -- are popular enough to command a hefty annual fee.
- Co-maker — Definition,
- Any party that co-signs a promissory note. All co-makers assume responsibility for the loan if any of the other co-signers renege.
- Co-signer — Definition,
- A person who signs a promissory note that is also signed by one or more other parties. All parties take responsibility for the debt if any of the others renege.
- Coast Capital Savings Credit Union (CCS) — Company Est. 1940, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
- Coastal Community Credit Union (CCCU) — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender. Offers reverse mortgages.
- Coastal Financial 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.
- Collateral — Definition,
- Any property pledged as security for repayment of a debt.
- Collection — Definition,
- The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
- Collusion — Definition,
- A secret, deceitful agreement by two or more parties to defraud others.
- Colonsay 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.
- Columbia Valley Credit Union (CVCU) — Company Est. 1955, Golden, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Combination Account — Definition,
- An account that is part savings and part chequing. You may write cheques and you will be paid interest if you have enough money in the account.
- Combined Loan-to-Value (CLTV) — Acronym, Very Important,
- The connection between the unpaid principal balances of all the mortgages on a property (first and second usually) and the property's appraised value (or sales price, if it is lower).
➥ A term used by mortgage lenders and mortgage underwriters. - Commerce — Definition,
- The systems and activities that impact business and trade within a nation and abroad.
- Commercial Bank (CB) — Acronym,
- A financial institution that provides a broad range of services, from chequing and savings accounts to business loans and credit cards.
- Commercial Bank Floating Rate (CBFR) — Acronym,
- Commercial Banking — Definition,
- Commercial banking centres serve small to medium-sized businesses such as franchising, leasing and cash management services.
- Commercial Banking Centre (CBC) — Acronym,
- Commercial Banking Group (CBG) — Acronym,
- Commercial Blanket Bond — Definition,
- Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
- Commercial Forgery Policy — Definition,
- Insurance that protects businesses from losses due to them unknowingly accepting forged or counterfeit checks as payment.
- Commercial Line of Business (CLOB) — Acronym,
- Commercial Line of Credit (CLOC) — Acronym,
- Commercial Loan — Definition,
- A loan taken out by a business.
- Commercial Mortgage — Definition, Very Important,
- A mortgage for commercial property.
- Commercial Online Banking (COB) — Acronym,
- Commercial Paper (CP) — Acronym,
- Unsecured notes issued by companies that mature within nine months. Generally, commercial paper is issued only by the larger and more credit worthy companies.
- Commercial Property — Definition,
- A parcel in a district zoned for business.
- Commercial Real Estate Banking (CREB) — Acronym,
- Commercial Real Estate Banking Analyst (CREBA) — Acronym,
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