Banking
glossary

• Annual Percentage Rate (APR)

• Arrears

• Assets

• Balance Transfer

• Bankruptcy

• Bankruptcy and Insolvency Act (BIA)

• Budget

• Business Credit Report

• Business Credit Score

• Cash Advance

• Cash Flow

• Collections

• Compound Interest

• Consumer Proposal

• Consumer Reporting Act

• Cosigner

• Cost of Borrowing

• Credit

• Credit Application

• Credit Card

• Credit Limit

• Credit Rating

• Credit Report

• Credit Risk

• Credit Score

• Credit Union

• Creditworthiness

• Debt

• Debt Consolidation

• Debt Management Program

• Debt Ratio

• Debt Settlement

• Debtor

• Default

• Deferment

• Delinquency

• Dependent

• Depreciation

• Discharged Bankruptcy

• Earned Income

• Escrow

• FICO Score

• Financial Advisor

• Financial Statements

• Fixed Expenses

• Fraud

• Garnishment

• Grace Period

• Gross Debt Service Ratio

• Guarantor

• Incentive Stock Option (ISO)

• Income Statement

• Inflation

• Inquiry

• Installments

• Interest

• Introductory Rate

• Liability

• Licensed Insolvency Trustee (LIT)

• Lien

• Liquidity

• Loan

• Loan-to-Value Ratio (LTV)

• Long-Term Debt

• Lump-Sum Payment

• Market Value

• Maturity Date

• Micro-Loan

• Minimum Payment

• Overdraft

• Payment Period

• Prepayment

• Prepayment Charge

• Prime Rate

• Principal Balance

• Profit

• Revolving Credit

• Right of Offset

• Secured Loan

• Short-Term Debt

• Snowball Repayment Method

• Statute of Limitations

• Tax Refund

• Term

• Total Debt Service Ratio

• Unsecured Loan