Glossary
Understanding key terms is essential when navigating complex topics like mortgages, life insurance, and investing. Whether you're buying your first home, planning your financial future, or exploring investment options, our glossary is designed to help you get familiar with important terminology.
Browse Terms from A to Z
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A
- Oct 8, 2024 Alternative Rates
- Oct 2, 2024 Amortization
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B
- Oct 8, 2024 Bank Statement Program
- Oct 2, 2024 Beneficiary
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C
- Oct 2, 2024 Conversion
- Oct 2, 2024 Emergency Fund
- Oct 2, 2024 Contribution Limit
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D
- Oct 2, 2024 Death Benefit
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F
- Oct 17, 2024 Flexible Debt Ratios
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G
- Oct 2, 2024 Graduate Program
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H
- Oct 2, 2024 Home Equity Line of Credit (HELOC)
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L
- Oct 2, 2024 Lender Fee
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M
- Oct 2, 2024 Mortgage Insurance
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P
- Oct 17, 2024 Penalties
- Oct 2, 2024 Permanent Life Insurance
- Oct 2, 2024 Premium
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R
- Oct 17, 2024 Rental Program
- Oct 2, 2024 RESP (Registered Education Savings Plan)
- Oct 2, 2024 RRSP (Registered Retirement Savings Plan)
- Oct 2, 2024 Risk Tolerance
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S
- Oct 1, 2024 Stress Test
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T
- Oct 2, 2024 TFSA (Tax-Free Savings Account)
- Oct 2, 2024 Term Life Insurance
Browse Terms from Category
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Investing
- Oct 2, 2024 RESP (Registered Education Savings Plan)
- Oct 2, 2024 RRSP (Registered Retirement Savings Plan)
- Oct 2, 2024 TFSA (Tax-Free Savings Account)
- Oct 2, 2024 Emergency Fund
- Oct 2, 2024 Contribution Limit
- Oct 2, 2024 Risk Tolerance
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Life Insurance
- Oct 2, 2024 Conversion
- Oct 2, 2024 Death Benefit
- Oct 2, 2024 Permanent Life Insurance
- Oct 2, 2024 Term Life Insurance
- Oct 2, 2024 Premium
- Oct 2, 2024 Beneficiary
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Mortgages
- Oct 17, 2024 Penalties
- Oct 17, 2024 Flexible Debt Ratios
- Oct 17, 2024 Rental Program
- Oct 8, 2024 Bank Statement Program
- Oct 8, 2024 Alternative Rates
- Oct 2, 2024 Graduate Program
- Oct 2, 2024 Mortgage Insurance
- Oct 2, 2024 Lender Fee
- Oct 2, 2024 Amortization
- Oct 2, 2024 Home Equity Line of Credit (HELOC)
- Oct 1, 2024 Stress Test
Stress Test
In lending and mortgages, a stress test is a financial assessment used by lenders to ensure that borrowers can still afford their mortgage payments even if interest rates rise significantly.