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Definition of Lien
A security interest in one or more assets that is granted to lenders in connection with secured debt
The right of a party to a contract to take possession of an asset unless payment under the contract is received in full. A lien must be registered under the various provincial laws in order to be valid and enforceable.
The citizen of a country besides the United States.
A secured loan that gives the lender a lien against all the borrower's inventories.
The grouping of investors who have a preference that the firm follow a particular financing
A group of shareholders who prefer that the firm follow a particular dividend policy. For
A group of investors who have a preference for investing in firms that adhere to
General lien against a company's assets or against a particular class of assets.
A group of shareholders who, because of their personal leverage, seek to invest in
A bond covenant that restricts in some way a firm's ability to grant liens on its assets.
A first lien that is duly recorded with the cognizant governmental body so that the lender
One who represents Canada Life when providing services to clients
Yearly amount payable by a client for a policy or component.
A system that monitors and evaluates the performance of a fixed-income portfolio , as well as the
Excessive trading of a client's account in order to increase the broker's commissions.
A bond in which the issuer (often a holding company) grants investors a lien on
The fee paid to a broker to execute a trade, based on number of shares, bonds, options, and/or
A benchmark that is designed to meet a client's requirements and long-term
A written acknowledgment of debt, usually secured by a lien on assets.
Errors and Omissions Insurance
Insurance coverage purchased by the agent/broker which provides protection against loss incurred by a client because of some negligent act, error, oversight, or omission by the agent/broker.
The I-551 Permanent Resident Card, held by a resident alien.
A secured short-term loan to purchase inventory. The three basic forms are a blanket
Financial intermediaries who perform a variety of services, including aiding in the sale of
A lease arrangement under which the lessor borrows a large proportion of the funds needed
Liability funding strategies
Investment strategies that select assets so that cash flows will equal or exceed
or a seat on the exchange A limited number of exchange positions that enable the holder to
A financial institution that engages in investment banking functions, such as advising clients in mergers and acquisitions, underwriting securities and taking debt or equity positions.
Debt instrument by which the borrower (mortgagor) gives the lender (mortgagee) a lien on property as security for the repayment of a loan.
A bond in which the issuer has granted the bondholders a lien against the pledged assets.
Negative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any
Pre-Authorized Cheque (PAC)
Withdrawals generated by a company (with client's permission) against a client's bank account on a predetermined schedule for a predetermined amount.
Annual amount payable, by a client, for selected product or service.
Premium (Credit Insurance)
Annual or monthly amounts payable, by a client, for a selected insurance coverage to insure debt obligations to their creditors are protected.
Describes securities held by a broker on behalf of a client but registered in the name of the Wall Street firm.
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
Person that uses various types of evidence to evaluate the insurability of a client.
Evaluating and classifying potential risk of a client.
Property free and clear of all liens (creditors' secured claims).
This term relates to participating whole life insurance and the use of the dividend to reduce or completely eliminate the need for future premiums. In the 1980's life insurance company's profits from investment were exceedingly high compared to historical experience. It became common for a salesperson to show new prospective clients how quickly his or her insurance company's dividends would cover the future cost of future premiums. In some cases more emphasis was put on the value of future dividends than on the fact that future dividends were not guaranteed and could only be projected based on current earnings. Many life insurance buyers have since learned that the dividends they expected in the 80's no longer exist in the 90's and they are continuing to dig into their pockets to pay insurance premiums.
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