defaulting
31overriding lease — 1) A tenancy granted out of the reversion of an existing lease. The overriding lease must be for a longer term than the existing lease that it overrides. For the purposes of the Landlord and Tenant (Covenants) Act 1995 (1995 Act), a former tenant …
32C++11 — C++11, also formerly known as C++0x,[1] is the name of the most recent iteration of the C++ programming language, replacing C++TR1, approved by the ISO as of 12 August 2011.[2] The name is derived from the tradition of naming language versions by …
33Consumer bankruptcy in Canada — See also: Insolvency law of Canada Consumer bankruptcy in Canada is governed by the Bankruptcy and Insolvency Act ( BIA ). [1] The legislation is complemented by regulations, as well as directives from the Office of the Superintendent of… …
34Fractional reserve banking — Banking A series on Financial services …
35Default — 1. The failure to promptly pay interest or principal when due. Default occurs when a debtor is unable to meet the legal obligation of debt repayment. Borrowers may default when they are unable to make the required payment or are unwilling to… …
36Prime Rate — The interest rate that commercial banks charge their most credit worthy customers. Generally a bank s best customers consist of large corporations. The prime interest rate, or prime lending rate, is largely determined by the federal funds rate,… …
37indemnity insurance — risk protection for actions for which a business is liable. Insurance that a business carries to cover the possibility of loss from lawsuits in the event the business or its agents were found at fault when an action occurred. Glossary of Business …
38Asset for asset swap — Creditors exchange the debt of one defaulting borrower for the debt of another defaulting borrower. The New York Times Financial Glossary …
39asset for asset swap — creditors exchange the debt of one defaulting borrower for the debt of another defaulting borrower. Bloomberg Financial Dictionary …
40mortgage indemnity guarantee — ( MIG) An insurance which is designed to protect a mortgage lender against the risk of you defaulting or not being able to repay the mortgage. The policy is usually imposed upon by the lender at the start of the loan and the premium payable is… …
