Education Centre

A Glossary of Real Estate Related Acronyms

Prepared by John J. Pizale BSC., JD General Counsel, Fundscraper Capital and Neekey Totonchian, Marketing Coordinator, Fundscraper Capital

Acronyms are a sort of abbreviation using initials and there are virtually hundreds of thousands. Our compendium is a short list of many of those most closely associated with real estate.

| 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 |

AML – Anti Money Laundering
AMV – Affordable Market Value
APR – Annual Percentage Rate
ATF – Anti Terrorist Funding
ARM – Adjustable Rate Mortgage
AUM – Assets under Management
BPO – Broker Price Opinion
CCO – Chief Compliance Officer in an EMD
CFE – Crowdfunding Exemption
CIM – Confidential Information Memorandum
CMHC – Canada Mortgage and Housing Corporation
COFI – Cost of Funds Index
CRA – Canada Revenue Agency
CSA – Canadian Securities Administrators
DD – Due Diligence
DICO – Deposit Insurance Corporation of Ontario
EBIDA – Earnings Before Interest, Depreciation, and Amortization
EBIDTA – Earnings Before Interest, Depreciation, Taxes and Amortization.
EGI – Effective Gross Income
EMD – Exempt Market Dealer
FICO – Fair Issac Co. (credit score)
FINTRAC – Financial Transactions and Reports Analysis Centre of Canada (money laundering and terrorism)
FMV – Fair Market Value
FS – Fundscraper
FSCO – Financial Services Commission of Ontario (part of Ministry of Finance)
FSRA – Financial Services Regulatory Authority of Ontario
GDS – Gross Debt Service
GP – General Partner
IIF – Investor Information Form
IIROC – Investment Industry Regulatory Organization Canada
IRR – Internal Rate of Return
ISDA – International Swaps & Derivatives Association
KYC – Know your Client
KYP – Know your Product
LP – Limited Partnership
LTC – Loan to Cost
LTV – Loan to Value
MI – Mortgage Insurance
MIC – Mortgage Investment Corporation
MLS – Multiple Listing Service
OM – Offering Memorandum
OME – Offering Memorandum Exemption
OSC – Ontario Securities Commission
OSFI – Office of the Superintendent of Financial Institutions
PITI – Principal, Interest, Taxes, and Insurance
PM – Portfolio Manager
PN – Promissory Note
PPM – Policy & Procedure Manual
REIT – Real Estate Investment Trust
ROI – Return on Investment
TDS – Total Debt Service
TVM – Time Value of Money
UDP – Ultimate Designated Person in an EMD
VC – Venture Capitalist


Gregory Colford
John J. Pizale


John is a member of the Law Society of Ontario. He was the President of a major Canadian real estate developer and a Managing Partner of a prominent Toronto based law firm. He also served a term as a Member of the Board of Trustees of a $1 Billion Canadian pension fund and is a former Principal of a leading private media and internet company. As Fundscraper’s General Counsel and a Member of its Credit Committee, John provides general legal and strategic business advice related to everyday operations and corporate growth.