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Mortgage protection |
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Mortgage protectionTerm assurance to cover the repayment of a mortgage in the event of the death of the mortgagor during the period of the loan.In the case of a repayment mortgage the capital sum outstanding is gradually reduced over the term of the loan (albeit slowly during the initial years when the majority of the repayments are paying the interest) so that decreasing term assurance would be incorporated in the policy. For an endowment mortgage where the sum assured and the death benefit are at least equal to the amount of the loan throughout the term of the loan, level term assurance would be apt.Similar MatchesProtection appliedProtection appliedA term used by the London Stock Exchange to denote that a transaction was protected at the time of reporting it. 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. Actual protection rateActual protection rateImplicit tariff. Tariff protectionTariff protectionProtection provided by a tariff. Home responsibilities protectionHome responsibilities protectionA scheme which preserves your rights to a basic state pension during periods when you are caring for children, an elderly relative or other dependants. Further SuggestionsMortgage payment protection insurance (MPPI)Administered protection Endogenous protection Domestic distortions argument for protection Employment argument for protection Content protection Retirement Protection Act of 1994 Safeguards protection Exchange rate protection Foreign investment argument for protection Externalities argument for protection Investor Protection Scheme court of protection Cultural argument for protection Environmental protection argument for a trade intervention National defense argument for protection Domestic content protection loan protection policy Payment protection insurance Import protection Political economy of protection Protectionism Noneconomic objectives argument for protection Building Societies Investor Protection Scheme Effective rate of protection |
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