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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 MatchesSecond-best argument for protectionSecond-best argument for protection1. Any argument for protection that can be countered by pointing to a different and less distortionary policy that would achieve the same desired result at lower economic cost. 2. An argument for protection to partially correct an existing distortion in the economy when the first-best policy for that purpose is not available. For example, if domestic production generates a positive externality and a production subsidy to internalize it is not available, then a tariff may be second-best optimal. 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. 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. Externalities argument for protectionExternalities argument for protectionThe (second best) argument that an industry should be protected because it generates positive externalities for other industries or consumers. Administered protectionAdministered protectionProtection (tariff or NTB) resulting from the application of any one of several statutes that respond to specified market circumstances or events, usually as determined by an administrative agency. Several such statutes are permitted under the GATT, including anti-dumping duties, countervailing duties, and safeguards protection. Further SuggestionsDomestic distortions argument for protectionInvestor Protection Scheme Payment protection insurance Balance of payments argument for protection Mortgage payment protection insurance (MPPI) Cultural argument for protection Endogenous protection Contingent protection Environmental protection argument for a trade intervention Political economy of protection Noneconomic objectives argument for protection Content protection Building Societies Investor Protection Scheme Domestic content protection Infant industry protection Safeguards protection Labor standards argument for protection Effective protection Actual protection rate protection applied loan protection policy Downside Protection Protectionism Exchange rate protection Protectionism |
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