Your All-in-One Canadian Financial Dictionary

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

Coverage that protects you from unexpected costs when travelling, like medical emergencies, trip cancellations, or lost baggage.

A type of travel insurance that helps cover costs if your trip is cut short or disrupted.

Provides lifelong coverage with flexible premiums and an investment component. You can adjust your payments and how the cash value is invested.

A line of credit that isn’t backed by an asset (like a home). Because there’s more risk for the lender, interest rates are usually higher.

A mortgage where the interest rate can go up or down over time. Your payments may change depending on market conditions.

Life insurance that provides lifelong coverage with fixed premiums. It also builds a cash value that grows over time.

A direct and secure way to send money between bank accounts, often used for large or international transfers.

Taking money out of your account whether at an ATM, in-branch, or digitally (like sending an Interac e-Transfer).