Tag: protection
Dodd-Frank Wall Street Reform and Consumer Protection Act
DefinitionThe Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into United States federal law by US President Barack Obama on July 21,...
Daylight Overdraft
DefinitionIn the United States, the daylight overdraft is a system in which "allows qualifying banks to overdraw on their Federal Reserve accounts in order...
Umbrella Insurance Policy
What is Umbrella Insurance and what does it cover
An Umbrella insurance policy is an insurance policy that provides additional coverage beyond the limits of...
Umbrella Personal Liability Policy
What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...
Bankruptcy
DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...
National Organization Of Life And Health Insurance Guaranty Associations (NOLHGA)
What is 'National Organization Of Life And Health Insurance Guaranty Associations - NOLHGA' NOLHGA is a voluntary organization of U.S. life- and...
Life Insurance
DefinitionLife insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary...
Credit Default Swap
DefinitionA credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a...
Kidnap Insurance
What is 'Kidnap Insurance' A type of insurance designed to protect individuals from the risk of kidnapping. Kidnap insurance often covers other...
Unbundled Life Insurance Policy
What is ‘Unbundled Life Insurance Policy'
An unbundled life insurance policy is a type of insurance policy and planned financial protection that offers money to...