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Glossary

Glossary

A

Addendum 

Amenities

Amortization

Arrears

Asset

B

Bill of sale

C

Certified Cheque

Collateral

Conditional sale

Conventional

Coproperty (divided and undivided)

Cost of borrowing

D

Deed

E

E-Cheque 

Encumbrance

Estate

F

Foreign Exchange

G


Gift (Equity & Monetary)

Gross income

Gross profit (Net profit)

H

Homeowners’ Association

Home Equity Line of Credit (HELOC)

Homeowners Insurance Binder

N

NSF Cheque

P

Passive Income

R

Revenue

S

Swap

V

Void Cheque

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New Mortgage Mortgage Renewal/Refinance