Keywords:  iad, monies, cheque, accrued, commence
A date usually one month prior to the first regularly scheduled mortgage payment date from which interest is calculated for monies advanced previous to that date.
A date from which interest on the mortgage amount advanced is calculated for your regular payments. This date is usually one month before regular mortgage payments are to begin.
The date on which the term of your mortgage starts. It is usually the first date of the month following the possession date.
This is the point in time during the purchasing process (usually possession day) that the lender does their final accounting on any interest that may me owing.