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Glossary - Z
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Mortgage Brokers Glossary - 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.
