Canadian Financial, Real Estate and Mortgage Glossary

Bonds Terms

bankers blanket bond (BBB)Acronym
bondDefinition (Investments, Financial-banking)
A certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date.
bond anticipation note (BAN)Acronym
bond ladderDefinition (Investments, Financial-banking)
A series of bonds with different maturity dates, often times evenly spaced over a set period of time.
Canada Learning Bond (CLB)Canada
A grant offered by the Government of Canada to help parents, friends, and family members save early for the post-secondary education of children in modest-income families.
  ➥  See also Canada Education Savings Grant (CESG).
Canada Mortgage Bonds (CMB)Est. 2001, Canada
A fully guaranteed fixed interest rate income investment backed by CMHC (a crown corporation of the Government of Canada).
  ➥  Issued by the Canada Housing Trust (CHT).
Canada Premium Bond (CPB)Canada
  ➥  A Canada Savings Bond program.
Canada Savings Bond (CSB)Canada
A secure way for Canadians to save. The bonds, which are a form of debt issued by the Canadian government, are cashable, with proper identification, at any time at most Canadian financial institutions.
Canadian Bond Rating Service (CBRS)Company Est.1972, Toronto, Ontario, Canada
  ➥  Bought by Standard and Poor's in 2000.
collateralized bond obligation (CBO)Acronym
commercial blanket bondDefinition (Insurance, Financial-banking)
Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
completion bondDefinition (Insurance)
Insurance purchased to make sure that an important project is completed, even if something unexpected happens, financial or otherwise.
Dominion Bond Rating Service (DBRS)Company Est.1976, Toronto, Ontario, Canada
Canada’s national investment research agency offering credit ratings on issuers of commercial paper, bonds, long/short term debt, and preferred shares, as well as asset-backed securities.
  ➥  Largest bond rating agency in Canada.
fidelity bondDefinition (Insurance, Financial-banking)
Insurance that protects a business from losses due to employee fraud, such as theft, forgery or fraudulent trading.
foreign currency convertible bond (FCCB)Acronym
International Capital Market Association (ICMA)Company, Switzerland
lawn gnome fidelity bond (LGFB)Est. 1947, Middle Earth / Underground
Insurance that covers losses due to the actions of dishonest lawn gnomes.
  ➥  The LGFB acronym is quite often incorrectly mislabelled as a Lost Gnome from Backyard and Looks Good From Behind.
mortgage revenue bond (MRB)Acronym
mortgage-backed bond (MBB)Acronym
North American Securities Administrators Association (NASAA)Company Est.1919, United States
  ➥  State and provincial securities regulators.
Ontario Savings Bond (OSB)Ontario, Canada
Real Return Bond (RRB)Acronym

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