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Loan protection policy |
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Loan protection policyAn insurance policy in which the insured pays regular premiums in return for insurance against being unable to repay a loan due to accident, sickness or unemployment. In such an event the policy pays a benefit to assist the insured in making the repayments.Similar MatchesPayment protection insurancePayment protection insuranceA type of insurance that pays your loan for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. Most non-mortgage PPI products are taken out for a length of time that corresponds to the life of the loan it is protecting. Downside ProtectionDownside ProtectionGenerally used in connection with covered call writing, this is the cushion against loss, in case of a price decline by the underlying security, that is afforded by the written call option. Alternatively, it may be expressed in terms of the distance the stock could fall before the total position becomes a loss (an amount equal to the option premium), or it can be expressed as percentage of the current stock price. Political economy of protectionPolitical economy of protectionThe study of reasons, especially political ones, that countries choose to use protection. Includes models of voting, lobbying, and campaign contributions as these lead policy makers to erect tariffs. Marine Mammal Protection ActMarine Mammal Protection ActThe 1972 U.S. law prohibiting the "taking" (harassing, hunting, capturing, or killing) of marine mammals, and also prohibiting the import of any marine mammal product or any fish that has been associated with the taking of marine mammals. See tune-dolphin case. Import protectionImport protectionSee protection. Further SuggestionsCall protectionSecond-best argument for protection Deposit Protection Scheme Intellectual property protection Securities Investor Protection Corporation Building Societies Investor Protection Scheme Mortgage payment protection insurance (MPPI) Retirement Protection Act of 1994 Exchange rate protection mortgage protection National defense argument for protection Foreign investment argument for protection Externalities argument for protection Noneconomic objectives argument for protection Protectionism Patriotism argument for protection Endogenous protection Consumer Credit Protection Act of 1968 home responsibilities protection Contingent protection Labor standards argument for protection Nominal rate of protection Employment argument for protection Protectionism Infant industry protection |
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