Financial Dictionary

This dictionary contains:
24549
financial terms

Loan protection policy




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.

RELATED TERMS
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Insurance
A contract in which payment of premiums covers the insured against something which may, or may not occur.

Policy
Contract by which the insurer agrees to pay the insured a certain sum of money if or when certain stated events happen; plans determining a government or firm's actions.

Insured
A person or company acquiring insurance.

Return
The change in the value of a portfolio over an evaluation period, including any distributions made from the portfolio during that period.

Loan
Something lent (usually money) that will have to be given or paid back (usually with interest).

Unemployment
The situation in which there are not enough jobs available for the people looking for them.



SIMILAR TERMS
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Loan
Something lent (usually money) that will have to be given or paid back (usually with interest).

Loan account
An account, opened for a customer by a bank, following the granting of a loan.

Loan amortization schedule
The timetable for repaying the interest and principal on a loan.

Loan capital
That part of a company's capital structure which is raised by loans.

Loan commitment
Assurance by a lender to make money available to a borrower on specific terms in return for a fee.

Loan consortium
A collaboration among financial institutions that pools capital to lend to affordable housing and community development projects.

Loan crowd
Historical term. In the 1920's and 1930's, it refers to the group of member firms that lend or borrow securities needed to cover the positions of customers who have sold short securities.

Loan guarantee
A program offered by state and federal agencies which decreases a lender's risk by guaranteeing a portion of a debt against default.

Loan preference principle
The theory that a covered loan is less expensive when its cost is calculated in one currency, it will also be less expensive in all other currencies.

Loan stock
A security bearing a fixed rate of interest. The capital (the amount loaned) is repaid after a given period of time.

Loan syndication
The process of involving numerous different lenders in providing various portions of a loan.

Loan to value ratio (LTV)
The ratio of money borrowed on a property to the property's fair market value.

Loan value
The maximum percentage of the value of securities that a broker can lend to a margin account customer, as dictated by the Federal Reserve Board in Regulation T.

Loaned flat
Securities lent interest-free between brokers to cover customers' short sale positions.



PREVIOUS AND NEXT TERMS
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Loan commitment
Assurance by a lender to make money available to a borrower on specific terms in return for a fee.

Loan consortium
A collaboration among financial institutions that pools capital to lend to affordable housing and community development projects.

Loan crowd
Historical term. In the 1920's and 1930's, it refers to the group of member firms that lend or borrow securities needed to cover the positions of customers who have sold short securities.

Loan guarantee
A program offered by state and federal agencies which decreases a lender's risk by guaranteeing a portion of a debt against default.

Loan preference principle
The theory that a covered loan is less expensive when its cost is calculated in one currency, it will also be less expensive in all other currencies.

Loan protection policy

Loan stock
A security bearing a fixed rate of interest. The capital (the amount loaned) is repaid after a given period of time.

Loan syndication
The process of involving numerous different lenders in providing various portions of a loan.

Loan to value ratio (LTV)
The ratio of money borrowed on a property to the property's fair market value.

Loan value
The maximum percentage of the value of securities that a broker can lend to a margin account customer, as dictated by the Federal Reserve Board in Regulation T.

Loaned flat
Securities lent interest-free between brokers to cover customers' short sale positions.

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This dictionary contains 24549 terms.







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