A Call Option is a type of mortgage clause that enables the lender with the rights to request the payment of the remaining balance in full at any time during the mortgage term.
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Terms starting with: C
Canada deposit insurance corporation (CDIC)
A crown corporation that provides deposit insurance for protection against the loss of deposits made with other member financial institutions.
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Canada education savings grant (CESG)
A federally introduced program in which the Government will invest, in the form of grants, with parents who save for their children’s education through Registered Education Savings Plans (RESPs).
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Canadian mortgage and housing corporation (CMHC)
CMHC is an acronym for the Canadian Mortgage and Housing Corporation.
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Cancellation clause
A precaution or provision in a lease or contract that details the conditions under which the parties involved can terminate the agreement.
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Cap
The upper most limit on the amount the interest rate can increase during a single time period of an adjustable
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Capital adequacy ratio (CAR)
A ratio of total capital divided by risk
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Carrying costs
Carrying costs refer to the overall expenses incurred as a result of maintaining a home or property.
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Cash advance
The interest rate charged for taking out cash on your credit card subject to the daily limit and the credit limit on the card.
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Cash flow
The amount of money (after expenses are subtracted) that is generated by an investment or a business during a specific time period.
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