Tag: protection
National Association Of Federal Credit Unions (NAFCU)
What is the NAFCU and what does it do
The National Association of Federal Credit Unions is a trade association that represents the interests of...
Official Staff Commentary
What is 'Official Staff Commentary' Commentary published by the Federal Reserve. Official staff commentaries are laid out in a question-and-answer format. They...
Absenteeism
DefinitionAbsenteeism is a habitual pattern of absence from a duty or obligation without good reason. Generally, absenteeism is unplanned absences. Absenteeism has been viewed...
Ability To Repay
What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...
Real Estate Settlement Procedures Act (RESPA)
What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...
Balance Protection
Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the...
Call Protection
What is a 'Call Protection' A call protection is a protective provision of a callable security prohibiting the issuer from calling back...
Canadian Deposit Insurance Corporation (CDIC)
What is 'Canadian Deposit Insurance Corporation - CDIC ' A crown corporation owned by the Canadian government that insures bank deposits up...
Cancelable Insurance
What is 'Cancelable Insurance' This is insurance that may be canceled, at any time, by the insured party or by the insurance...
Payday Loans
DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...