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Call protectionA feature of some callable bonds that establishes an initial period when the bonds may not be called.Call protection Similar MatchesSelf-sufficiency argument for protectionSelf-sufficiency argument for protectionThe view that a country is better off providing for its own needs than depending on imports. It may be based on fear that war or foreign governments will interrupt imports. This is a second-best argument, since many policies could provide for that contingency without sacrificing all the gains from trade. Import protectionImport protectionSee protection. Court of protectionCourt of protectionAn office of the Supreme Court whose function is to manage and administer the property and affairs of people who, through mental disorder, are incapable of managing their own financial affairs. Deposit Protection SchemeDeposit Protection SchemeA scheme set up to give limited financial protection to people with deposits in authorised banks which fail. Banks are authorised and supervised by the Financial Services Authority (FSA) and they are obliged to provide details of their deposit protection scheme and their claim procedures if requested by depositors. The FSA publishes a list of banks which are authorised under the 1987 Banking Act. The UK Deposit Protection Scheme covers 90% of a bank's total liability to a depositor subject to a set maximum. Infant industry protectionInfant industry protectionProtection of a newly established domestic industry that is less productive than foreign producers. If productivity will rise with experience enough to pass Mill's and Bastable's tests, there is a second-best argument for protection. The term is very old, but a classic treatment may be found in Baldwin (1969). Further SuggestionsNominal rate of protectionBuilding Societies Investor Protection Scheme Fairness argument for protection Labor standards argument for protection Securities Investor Protection Corporation Downside Protection Tariff protection Second-best argument for protection Externalities argument for protection protection applied Protectionism Payment protection insurance Intellectual property protection Domestic distortions argument for protection Protectionism Protection Effective protection home responsibilities protection Safeguards protection Labor standards argument for protection Retirement Protection Act of 1994 Political economy of protection Administered protection Consumer Credit Protection Act of 1968 Contingent protection |
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