Tag: loan
Call Provision
What is a 'Call Provision' A call provision is a provision on a bond or other fixed-income instrument that allows the original...
Caisse Populaire
What is 'Caisse Populaire' A cooperative, member-owned financial institution that fulfills traditional banking roles as well as diverse activities such as lending,...
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...
Compound Interest
DefinitionCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It...
Calculation Agent
What is 'Calculation Agent' An entity that determines the price of an investment product such as a swap. A calculation agent calculates...
CDO – Collateralized Debt Obligation
What is CDO (Collateralized Debt Obligation)? Collateralized Debt Obligation or CDO is a financial product that brings together assets that can generate cash flow...
Cancellation Of Debt (COD)
What is Cancellation of Debt (COD)?
Cancellation of debt (COD) is the forgiveness of debt. This can occur when a lender agrees to cancel all...
Cancellation
What is 'Cancellation'
A cancellation is a notice made by a broker, to his client, informing him an erroneous trade was made and is being...
Payday Loans
DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...
Past Due Balance Method
What is 'Past Due Balance Method' A system for calculating interest charges based on any outstanding loan or credit charges that remain...