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.

 

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Z

Zero Balance
 When the outstanding balance on a credit card is paid and no new charges are incurred during the billing cycle, the card holder's monthly statement shows a zero balance. This means nothing is left owing to the credit card company.

Zero Down Mortgage
 This type of mortgage is a true 100% mortgage financing product that is available in Canada. See also "No Money Down Mortgage."

Zero Lot Line
The positioning of a structure on a lot so that one side rests directly on the lot's boundary line.

Zoning
The uses to which property may be put in specific areas, as specified by municipal authorities.


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