Tag: payments
Canadian Competition Act
The Competition Act is a federal law that governs competition and business practices in Canada. The act was last amended in 2009, and the...
Committee On Payment And Settlement Systems
Learning About the Committee on Payment and Settlement Systems The Committee on Payment and Settlement Systems consists of the central banks of the G10...
Canada Mortgage and Housing Corporation (CMHC)
Home Ownership by Country Canada Mortgage and Housing Corporation (CMHC) What is 'Canada Mortgage and Housing Corporation - CMHC' An organization sponsored...
Canada Revenue Agency (CRA)
What is 'Canada Revenue Agency - CRA' A federal agency that collects taxes and administers tax laws for the Canadian government, as...
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...
Participating Preferred Stock
What is Participating Preferred Stock
Participating preferred stock is a type of preference stock that gives the holder the right to participate in any additional...
Parking Violation
DefinitionA parking violation is the act of parking a motor vehicle in a restricted place or for parking in an unauthorized manner. It is...
Parallel Loan
DefinitionA parallel loan is two loans taken out by two pairs of companies in different countries from local lenders with the aim of swapping...
Private Mortgage Insurance
What is Private Mortgage Insurance
Private mortgage insurance is insurance that protects a lender in the event that a borrower defaults on a conventional home...
Quarterly Income Preferred Securities (QUIPS)
What is 'Quarterly Income Preferred Securities - QUIPS' Shares that are an interest in a limited partnership that exists solely for the...