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Unbanked
DefinitionThe unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for...
Hypothecation Definition
What is hypothecation and how does it work
Hypothecation is the process of pledging collateral to secure a loan. When you hypothecate something, you're using...
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Canadian Rollover Mortgage
Home Ownership by Country Canadian Rollover Mortgage What is 'Canadian Rollover Mortgage' A home mortgage with an adjustable rate feature. The Canadian...
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Valuation Premium
What is 'Valuation Premium' The rate set by a life insurance company based on the value of the company's policy reserves. The...
