CANADIAN DEPOSIT INSURANCE CORPORATION - CDIC
A crown company held by the government of Canada that secures bank deposits as big as C$100,000 per individual account held in Canadian banks member where they manage the monetary institution break down. The company was built under the Canada Deposit Insurance Corporation Act and Financial Administration Act in 1967. Federal Deposit Insurance Corporation in the United States is the same with Canadian Deposit Insurance Corporation which is also called as CDIC.
POPULAR TERMS
Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
Cost Control
Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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