GRANDFATHERED ACTIVITIES
Nonbank or nonconforming activities, usually some are not prohibited for bank holding firms and international banks in the United States, but were acquired or took on before a certain date and subject to the older rules. These activities can still be done in the grandfather provisions under the Bank Holding Company Act and the International Banking Act of 1978.
POPULAR TERMS
Front-End Ratio
A ratio that indicates what portion of an individual's income is used to make mortgage payments. It is calculated as an individual's monthl ...
Segregated Fund
Segregated Fund is a kind of pool investment. There is high similarities between a segregated fund and a mutual fund however there are discrepancie ...
Mortgage Suitability
Standard where mortgage lenders can follow when steering consumers to a mortgage loan. Lenders would be liable for directing consumers toward a not ...
Expunge
Action destroying any AUTEX indication record. Removing an indication will permanently delete a trail of an investor’s advertisement for a bl ...
Canada Education Savings Grant - CESG
An approval from the Canadian Government paid straight into a beneficiary's Registered Education Savings Plan (RESP). It provides 20% to the fi ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: Introduction
Financial statements open a window how healthy a company is (in terms of finances). This document presents the financial activities of a person or ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
Retirement Planning: The Significance of Retirement
Previously, we went through the overview of retirement. In this article, we will now explore its significance, before discussing how to map out a s ...
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
Introduction to Banking
Banking is an integral part of any financial system. In order to keep your money safe and start building wealth, you need a place where your funds ...
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