Loan protection policy


 

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Loan protection policy

An 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 Matches

Payment protection insurance

Payment protection insurance

A 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 Protection

Downside Protection

Generally 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 protection

Political economy of protection

The 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 Act

Marine Mammal Protection Act

The 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 protection

Import protection

See protection.


Further Suggestions

Call protection
Second-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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