Banking
Business Loan
Car Insurance
Car Loan
Credit Card
Credit Report
Crypto
Home Insurance
Investment
Life Insurance
Mortgage
Personal Loan
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
Accounts Payable
Accounts Receivable
Add-Ons
Annual Percentage Rate (APR)
Appraisal
Appreciation
Arrears
Assets
Audit
Balance Sheet
Balloon Loan
Better Business Bureau (BBB)
Book Value
Borrower
Broker
Budget
Business Credit Report
Business Credit Score
Cash Advance
Cash Flow
Collateral
Compound Interest
Cosigner
Cost of Borrowing
Credit
Credit Application
Credit Rating
Creditworthiness
Debt
Debt Consolidation
Debt Ratio
Debt Service Coverage Ratio
Debtor
Default
Deferment
Delinquency
Depreciation
Earned Income
Employer Identification Number (EIN)
Equity
Escrow
Financial Statements
Fixed Expenses
Grace Period
Gross Profit
Incentive Stock Option (ISO)
Income Statement
Incorporated
Inflation
Inquiry
Installments
Interest
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
Partnership
Payment Period
Peer-to-Peer (P2P)
Prepayment
Prepayment Charge
Principal Balance
Profit
Retained Earnings
Revolving Credit
Right of Offset
Secured Loan
Short-Term Debt
Snowball Repayment Method
Sole Proprietor
Statute of Limitations
Tax Refund
Tax Return
Term
Total Debt Service Ratio
Unsecured Loan
Add-Ons
Annual Percentage Rate (APR)
Arrears
Assets
Base Price
Borrower
Broker
Budget
Certified Pre-Owned (CPO)
Clear Title
Co-Borrower
Collateral
Collection Agency
Collections
Compound Interest
Consumer Reporting Act
Cosigner
Cost of Borrowing
Credit
Credit Application
Credit Rating
Creditworthiness
Dealership
Dealership Financing
Debt
Debt Ratio
Debt Settlement
Debtor
Default
Deferment
Delinquency
Depreciation
Discharged Bankruptcy
Earned Income
Extended Warranty
FICO Score
Financial Statements
Fixed Expenses
Garnishment
Grace Period
Gross Debt Service Ratio
Guarantor
Inflation
Inquiry
Installments
Interest
Introductory Rate
Lease
Licensed Insolvency Trustee (LIT)
Lien
Loan
Loan-to-Value Ratio (LTV)
Long-Term Debt
Lump-Sum Payment
Manufacturer’s Suggested Retail Price (MSRP)
Market Value
Maturity Date
Micro-Loan
Minimum Payment
Payment Period
Prepayment
Prepayment Charge
Prime Rate
Principal Balance
Rebuilt Title
Repossession
Right of Offset
Secured Loan
Short-Term Debt
Snowball Repayment Method
Statute of Limitations
Term
Title
Title Insurance
Title Loan
Total Debt Service Ratio
Trade-in Allowance
Trade-in Value
Unsecured Loan
Vehicle Identification Number (VIN)
Annual Percentage Rate (APR)
Arrears
Balance Transfer
Bankruptcy
Bankruptcy and Insolvency Act (BIA)
Budget
Cash Advance
Collection Agency
Collections
Consumer Proposal
Consumer Reporting Act
Cosigner
Cost of Borrowing
Credit
Credit Application
Credit Card
Credit Counselling
Credit Limit
Credit Rating
Credit Report
Credit Risk
Creditworthiness
Debt
Debt Consolidation
Debt Management Program
Debt Ratio
Debt Settlement
Debtor
Default
Deferment
Delinquency
Discharged Bankruptcy
Earned Income
Extended Warranty
FICO Score
Financial Statements
Fixed Expenses
Fraud
Garnishment
Grace Period
Gross Debt Service Ratio
Guarantor
Identity Theft
Inquiry
Installments
Interest
Introductory Rate
Licensed Insolvency Trustee (LIT)
Long-Term Debt
Lump-Sum Payment
Maturity Date
Micro-Loan
Minimum Payment
Overdraft
Payment Period
Prepayment
Prepayment Charge
Prime Rate
Principal Balance
Revolving Credit
Right of Offset
Short-Term Debt
Snowball Repayment Method
Statute of Limitations
Total Debt Service Ratio
Unsecured Loan
Budget
Business Credit Report
Business Credit Score
Collection Agency
Consumer Proposal
Consumer Reporting Act
Counsellor
Credit
Credit Application
Credit Bureau
Credit Card
Credit Counselling
Credit Limit
Credit Rating
Credit Repair
Credit Report
Credit Score
Credit Union
Creditworthiness
Debt
Debt Consolidation
Debt Management Program
Debt Ratio
Debt Settlement
Debtor
Default
Deferment
Delinquency
Discharged Bankruptcy
Earned Income
FICO Score
Financial Advisor
Financial Statements
Fixed Expenses
Garnishment
Gross Debt Service Ratio
Inquiry
Installments
Interest
Introductory Rate
Liability
Licensed Insolvency Trustee (LIT)
Loan
Long-Term Debt
Micro-Loan
Minimum Payment
Overdraft
Payment Period
Prepayment
Prime Rate
Principal Balance
Revolving Credit
Right of Offset
Short-Term Debt
Snowball Repayment Method
Statute of Limitations
Total Debt Service Ratio
Unsecured Loan
51% Attack
Address / Public Key
Altcoin
Attestation
Blockchain
Brain Wallet
Bounty / Bug Bounty
Bytecode
Cold Wallet / Cold Storage
Crypto-Compliance
Cryptoassets
DAO
Decentralization
Decentralized Application (DAPP)
Decentralized Exchange (DEX)
Difficulty Bomb
Digital Asset
Distributed Ledger
Double Spend
Encryption
Entropy
ERC-721 Token Standard
Ether (Denominations)
Ether (ETH)
Faucet
Fiat Currency
Finney
Fork
Gas
Genesis Block
Halving
Hardware Wallet
Hash
HD Wallet
Hexadecimal
Hot Wallet / Hot Storage
Hyperledger
ICO
Immutability
Keystore File
Light Client
Liquidity
Mainnet
Market Cap
Mining
Multi Signature (MultiSig)
NFT
Node (Full Node)
Nonce
Ommer Block
Oracle
Parity
Peer-to-Peer (P2P)
Permissioned Ledger
Plasma
PoA, PoS, PoW
PoS/PoW Hybrid
Private Blockchain
Private Currency
Private Key
Proof of Authority (PoA)
Proof of Stake (PoS)
Proof of Work (PoW)
Protocol
Public Blockchain
Public Key
Relayer
Rollups
RPC
Rug Pull
Seed (phrase) / Secret Recovery Phrase
Self-executing
Serialization
Sharding
Sidechains
Slashing Condition
Slot
Smart Contracts
Stablecoin
Staking
State Channels
Szabo
Token
Trustless
Validator
Validity Proof
Wallet
Web3 / Web 3.0
Zero Address
zk-SNARK
Annual Percentage Rate (APR)
Appraisal
Appreciation
Arrears
Assets
Borrower
Bridge Loan
Broker
Budget
Canadian Housing and Mortgage Corporation (CMHC)
Cash-Back Mortgage
Clear Title
Closed Mortgage
Closing Costs
Co-Borrower
Conditional Offer
Construction Mortgage
Cosigner
Cost of Borrowing
Credit
Credit Application
Credit Rating
Creditworthiness
Debt
Debt Ratio
Debtor
Deed
Default
Deferment
Delinquency
Depreciation
Discharged Bankruptcy
Down Payment
Earned Income
Financial Statements
Firm Offer
Fixed-Rate Mortgage
Foreclosure
Grace Period
Gross Debt Service Ratio
Guarantor
High-Ratio Mortgage
Home Buyers' Plan (HBP)
Home Equity
Home Equity Line of Credit (HELOC)
Home Inspection
Inflation
Inquiry
Installments
Interest
Land Transfer Tax
Licensed Insolvency Trustee (LIT)
Lien
Loan
Loan-to-Value Ratio (LTV)
Long-Term Debt
Lump-Sum Payment
Market Value
Maturity Date
Mortgage Broker
Mortgage Default Insurance
Mortgage Discharge
Mortgage Life Insurance
Mortgage Payment
Mortgage Pre-Approval
Mortgage Principal
Mortgage Statement
Mortgagee
Mortgagor
Multiple Listing Service (MLS)
Offer
Open Mortgage
Payment Period
Posted Rate
Prepayment
Prepayment Charge
Prime Rate
Principal Balance
Property Insurance
Property Tax
Qualifying Rate
Renewal
Reverse Mortgage
Second Mortgage
Secured Loan
Snowball Repayment Method
Statement of Adjustments
Survey
Term
Title
Title Insurance
Total Debt Service Ratio
Variable-Rate Mortgage
Accrued Interest
Annual Percentage Rate (APR)
Arrears
Assets
Balance Transfer
Bankruptcy
Bankruptcy and Insolvency Act (BIA)
Borrower
Broker
Budget
Cash Advance
Co-Borrower
Collateral
Collection Agency
Collections
Compound Interest
Consumer Proposal
Consumer Reporting Act
Cosigner
Cost of Borrowing
Counsellor
Credit
Credit Application
Credit Counselling
Credit Rating
Credit Report
Credit Risk
Credit Score
Creditworthiness
Debt
Debt Consolidation
Debt Management Program
Debt Ratio
Debt Settlement
Debtor
Default
Deferment
Delinquency
Dependent
Discharged Bankruptcy
Earned Income
Equity
FICO Score
Financial Advisor
Financial Statements
Fixed Expenses
Garnishment
Grace Period
Gross Debt Service Ratio
Guarantor
Identity Theft
Inflation
Inquiry
Installments
Interest
Introductory Rate
Licensed Insolvency Trustee (LIT)
Lien
Loan
Loan-to-Value Ratio (LTV)
Long-Term Debt
Lump-Sum Payment
Maturity Date
Micro-Loan
Minimum Payment
Payday Loans
Payment Period
Peer-to-Peer (P2P)
Prepayment
Prepayment Charge
Prime Rate
Principal Balance
Repossession
Revolving Credit
Right of Offset
Secured Loan
Short-Term Debt
Snowball Repayment Method
Statute of Limitations
Tax Refund
Tax Return
Term
Total Debt Service Ratio
Unsecured Loan
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A glossary is a list of commonly used terms and their definitions. You can use the glossary like a dictionary for when you need to understand words.
You can use the Comparewise glossary by searching for a term you want to learn about or you can browse common terms by category (e.g., car loans, business loans, credit reports...). Terms are listed A-Z within their category.
That's a great question! We created this glossary to make sure our website visitors can understand important finance terms. It's important to be knowledgeable before you sign any financial contracts or agreements.
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