ZERO PLUS TICK
Zero Plus Tick, which is alternately called "zero uptick," refers to a securities trade, which is executed at the same price as its preceding trade but higher than the price in the last trade with a different price. For example, in this series of trades - $12.50, $12.75, and $12.75 - the last trade is considered a zero plus tick.
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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 ...
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