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
Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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