Loan refinanced at a concessionary rate, which reduces or eliminates interest, because the borrower cannot service (pay interest and principal) the loan on the basis of the original loan agreement terms. etail Banking Activities performed by a bank involving loans, deposits and fee generating services provided to individual customers and, in some cases, to small businesses.

A mortgage in which basic terms -- such as interest rate, term and monthly payment -- have been changed to prevent foreclosure.

A mortgage in which basic terms -- such as interest rate, term and monthly payment -- are altered or restructured to prevent foreclosure on the property. This is not a regular practice in Canada.

When a lender offers renegotiated terms.

A loan in which new terms are negotiated.

A loan where new terms are negotiated and implemented during the life of the loan.

Retail Price Index Retention