Goods you own (ex., money in your bank account, your car, your snowmobile, your ATV, etc.). Even if you haven’t finished paying for them, these goods belong to you, so they have a value! Be proud to list them on your loan application in the section titled “Assets.”


Period of time needed to repay a loan. The amortization should never be longer than the lifespan of a good purchased (ex., I finance my car for an amortization period of 5 years because its value will be very low after this period).



A tool that allows you to know where your money goes. In other words, a budget allows you to know how you spend your hard earned income! This simple tool will help you save so that you can complete the project you’ve always dreamed of, such as then purchase of your own home.


Repayment capacity

Amount of money available to repay the loan after all your personal/family (food, transport, housing, clothes, etc.) and financial obligations (current loans, credit cards, etc.) have been paid.


Amount of money borrowed (without interest).

Debit card

Card that allows you to pay for purchases electronically directly from your bank account.

Credit card

Card that allows you to purchase items and pay for them later. If the balance on your credit card is not paid in its entirety when you receive your monthly credit card bill, interest will be charged on the unpaid amount. Interest rates for credit cards are generally high.

Savings account

Bank account that accumulates interest on the amount in the account.


Agreement between two or more parties (lenders and borrowers).


Amount of money borrowed, repayable with interest.


Someone who lends money.



Fail to meet contractual commitments. For example, you are in default if you do not make one or more of your loan payments.


Money used to pay for a good or service.


Amount of money borrowed, repayable with interest.



Amount of unspent money put aside for a future project, for example, retirement or the purchase of a home.


Loan guarantee

Legal and commercial mechanism that ties a lender (ABSCAN, for example) to a borrower (you) and that allows the lender to be repaid, in part or in whole, if the borrower defaults.



Right granted on an asset (a house, for example) to secure the payment of a debt.



Cost required to borrow a certain amount. The amount borrowed is called capital. The total amount that must be repaid is therefore the capital plus the interest.


Cost required to borrow a certain amount. The amount borrowed is called capital. The total amount that must be repaid is therefore the capital plus the interest.


Line of credit

Pre-approved credit that allows you to borrow a sum of money up to a predefined limit.

Down payment

The amount of money you invest to complete a project (e.g. buying a house). The higher your down payment, the lower your debt.


Minimum payment

Minimum monthly amount you must pay on a credit card bill or credit line to avoid defaulting on the payment.


Total of your debts.

Energy performance

Amount of energy a building consumes each year. This has a direct impact on occupants’ comfort and energy costs.


Savings set aside and placed in a financial plan for a certain period to earn money.

Credit score

Score that predicts the likelihood of you repaying a loan based on your credit history.


Amount of money that is loaned to you for a period of time that you must repay at the same time as you repay related interest charges.


Net revenue

Money you receive as pay after taxes and other deductions.

Investment income

Money that an investor receives from an investment. This money can take the form of interest, capital gains, etc.



Amount remaining to be paid of the total amount borrowed.


Amount of money paid as aid, as relief.


Financial aid distributed by the state or a public entity (for example, ABSCAN) to an individual or organization.


Interest rate

The percentage applied to an invested or borrowed amount that calculates the interest the amount earns or costs for a given period.


Period during which your interest rate and regular payment remain the same if you have a fixed rate loan. If you have a variable rate loan, your payment may be stable but the rate will vary following the market’s fluctuations.


Net value

Amount obtained by subtracting all of your liabilities (debts) from all of your assets (goods you own).


The amount you must regularly repay to the lending institution. A portion of the principal plus interest on your loan.