Tag: business
Back-to-Back Commitment
What is 'Back-to-Back Commitment' A commitment to make a second take-out loan that piggybacks another loan. With a back-to-back commitment, once the...
Bailment
What is 'Bailment' The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the...
Bad Debt
What is bad debt and how does it affect your credit score
Most people are familiar with the term "bad debt." Generally, bad debt is...
Canadian Capital Markets Association (CCMA)
What is 'Canadian Capital Markets Association - CCMA' A nonprofit organization that was created to analyze issues arising in the Canadian and...
Cost basis
DefinitionBasis, as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When property is sold,...
Canceled Check
What is a 'Canceled Check' A canceled check is a check that has cleared the depositor's account and has been marked "canceled"...
Canary Call
What is 'Canary Call' A step-up bond that cannot be called after completing its first-step period. The issuer of the bond reserves...
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...
Cage
What is 'Cage' "Cage" is a slang term used to describe the department of a brokerage firm that receives and distributes physical...
Charitable Contributions Deduction
Charitable contributions deduction is a tax incentive offered to individuals that donate sums to a recognized charity. The tax deduction allows taxpayers to reduce...