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Loan protection policy
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. RELATED TERMS-------------------------------------- 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-------------------------------------- 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-------------------------------------- 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. We thank you for using the Financial Dictionary to search for Loan protection policy. If you have a better definition for Loan protection policy than the one presented here, please let us know by making use of the suggest a term option. This definition of Loan protection policy may be disputed by other professionals. Our attempt is to provide easy definitions on Loan protection policy and any other medical topic for the public at large.
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