Tag: rate
Canada Learning Bond
DefinitionThe Canada Learning Bond is a grant paid by the government of Canada to assist low-income families with saving money for their children's post-secondary...
Called Away
What is 'Called Away' A term used to describe the elimination of a contract due to the obligation of delivery. This occurs...
Canadian Mortgage and Housing Corporation (CMHC)
What is CMHC and what do they do
The Canadian Mortgage and Housing Corporation (CMHC) is a Canadian Crown corporation that provides mortgage loan insurance,...
Callable Preferred Stock
What is a 'Callable Preferred Stock' A callable preferred stock is a type of preferred stock in which the issuer has the...
Pale Recession
What is 'Pale Recession' A phrase used in May 2008 by former Federal Reserve Board Chairman Alan Greenspan to describe an economic...
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...
Pass-Through Security
What is 'Pass-Through Security' A pass-through security is a pool of fixed-income securities backed by a package of assets. A servicing intermediary...
Capital Gains Tax
DefinitionA capital gains tax is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was greater than...
Capital Gain
DefinitionA capital gain refers to profit that results from a sale of a capital asset, such as stock, bond or real estate, where the...