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Repayment of a mortgage on a weekly or bi-weekly basis rather than monthly. This results in extra payments being made over the course of a year.
Funds that a person has placed with a financial institution and from which the person can make deposits and withdrawals.
Interest that accumulates over time on a debt.
The employee or independent contractor who reviews and settles claims on behalf of the insurance company.
The care and management of an estate by an executor, and administrator, trustee, or a guardian. The work performed by a personal representative regarding the collection of assets of a deceased person, settlement of all debts and liabilities, and distribution of the remainder, to those persons beneficially entitled. Similarly, the work performed by trustees, guardians and committees.
A statement by a witness to the execution of a legal document. The statement is sworn under oath and states that the witness was present at the time and saw the document executed.
A government funded, income matching program that helps producers manage small income declines.
A Government of Alberta program that provides a one-time grant of $500 into an established RESP of children born to or adopted by Alberta residents on or after January 1, 2005.
The number of years it will take to pay a mortgage in full.
The form of court grant to authorize an executor to deal with an estate located in a jurisdiction other than the jurisdiction in which the Letters Probate was granted to the executor.
A person who is entitled to receive benefits, often associated with the ownership of an RSP, RIF or life annuity.
Authorized overdraft – An approved credit limit attached to an operating account.
Authorized overdraft – An approved credit limit attached to a chequing account.
The person or organization requesting insurance coverage.
The process of determining the market value of a property.
The estimated market value of a property.
The increased value of an asset because it is now worth more than when it was purchased.
Items of value that a business owns.
Items of value that a person owns, such as a car, home and investments.
A legal document that requires the home buyer to assume responsibility for the obligations of an existing mortgage.
Automated teller machine – A machine located at a bank branch or a stand-alone machine that allows a person to conduct basic banking transactions such as cash withdrawals, deposits, transfers and bill payments.
An approved credit limit attached to an operating account that protects that account holder if a purchase, cheque or payment causes the account balance to drop below $0.
A machine located at a bank branch or a stand-alone machine that allows a person to conduct basic banking transactions such as cash withdrawals, deposits, transfers and bill payments.
Call Servus at187SERVUSCU1.877.378.8728