Credit protection definition

Credit protection. - means the protection afforded to the exposure by the recognized credit risk mitigation;

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Credit protection means a technique of credit risk mitigation associated with one or more exposures of the bank.

Credit protection. – means any contractual method pursuant to which the protection seller provides and the protection buyer receives protection for the purpose of mitigating credit risk;

Examples of Credit protection in a sentence

Rostered (published) Credit protection will apply to guarantee a Pilot will be paid, as a minimum, the number of Credits allocated at time of Roster Publish.
Rostered Credit protection applies to all Credits earnt under clause 34 Table 7: Credits at time of Roster Publish but does not apply to a reduction in Credit due to self-removal (other than for Operational Fatigue) or Trip Swap.
Rostered Credit protection applies to all Credits earnt under clause 36 Table 10: Credits at time of Roster Publish but does not apply to a reduction in Credit due to self-removal (other than for Operational Fatigue) or Trip Swap.
You could lose all the money in your Designated Accounts, plus your maximum overdraft Line of Credit protection.
Credit protection with respect to the Class B Notes will be provided by such subordination of payments of principal for the Units.
Credit protection with respect to the Class A Notes will be provided by such subordination of payments of principal for the Class B Notes.
If your Account is a Joint Account, each owner will be responsible for any overdraft and any liability arising under the Consumer Overdraft Checking Line of Credit protection, or Overdraft Privilege feature arrangement, regardless of which joint owner applied for the credit line, initiated the overdraft or benefited from the proceeds.

More Definitions of Credit protection

Credit protection means the protection against credit risk provided by a technique of credit risk mitigation.

Credit protection means, where the Fees and Special Conditions Module forming part of this Agreement indicates that we shall provide this service subject to payment of the Credit Protection Fee, our agreement

Credit protection means a guarantee or a credit derivative;