CANADIAN MORTGAGE GLOSSARY TERMS

Here is a simple glossary of Canadian
mortgage lending and finance related
terms.
To find the term you are looking for
quickly, simply click on the letter below.

 

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K

Key
A password that is required to decipher encrypted data.

Key Lot
 A property that must be acquired because it is essential to the development of land, either because of its strategic location or the timing of the acquisition.

Kicker
 Any benefit to a lender above ordinary fixed-interest payments such as an equity position in a property or a percentage participation in the income stream.


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