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

  • DOL/WHD also enforces the Migrant and Seasonal Agricultural Worker Protection Act, the Employee Polygraph Protection Act, the Family and Medical Leave Act, wage garnishment provisions of the Consumer Credit Protection Act, and a number of employment standards and worker protections as provided in several immigration related statutes.

  • The Eligible Investments, and all principal, interest and other amounts payable to the Trust in respect of the Eligible Investments, and the payments made to the Trust by the Protected Party under the Credit Protection Agreement shall be held in Eligible Accounts.

  • Payments on this Certificate will not be made until all amounts payable by the Trust with respect to the Notes under the Indenture, all amounts payable by the Trust to the Protected Party under the Credit Protection Agreement (including any contingent amounts that may become due and payable after any date of determination) and all amounts payable by the Trust under the other Basic Documents have been paid in full or discharged.

  • The Owner Trustee hereby declares that it will hold the Trust Estate in trust upon and subject to the conditions set forth herein for the benefit of the Certificateholder, subject to the obligations of the Trust under this Agreement, the Indenture, the Credit Protection Agreement and the other Basic Documents.

  • If we do not complete a transaction to or from the Card on time or in the correct amount according to this Agreement, we may be liable for your losses or damages under section 910 of the Electronic Fund Transfer Act (Title IX of the Consumer Credit Protection Act, 15 U.S.C. §§ 1693 et seq.).

  • If we do not complete an electronic fund transfer to or from your Account on time or in the correct amount according to this Agreement, we may be liable for your losses or damages under section 910 of the Electronic Fund Transfer Act (Title IX of the Consumer Credit Protection Act, 15 U.S.C. §§ 1693 et seq.).

  • The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

  • Credit Legislation The National Consumer Credit Protection Xxx 0000, the National Consumer Credit Protection Regulations 2010 and any instruments made under that legislation.

  • Fees Legislation The Corporations (Fees) Xxx 0000, the Corporations (Review Fees) Xxx 0000, the National Consumer Credit Protection (Fees) Xxx 0000, the Superannuation Auditor Registration Imposition Act 2012 and any instruments made for the purposes of those Acts.

  • In accepting, evaluating and acting upon such applications, Mortgage Lender shall comply with all applicable State and federal laws regulations, including but not limited to the Federal Equal Credit Opportunity Act and Regulation B promulgated thereunder, the federal Consumer Credit Protection Act and the Washington Law Against Discrimination and the regulations thereunder.


More Definitions of Credit protection

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;
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Credit protection means transfer of credit risk from the buyer to the provider of that protection;
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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 in respect of a Credit Approved Debt that we shall credit the Purchase Price thereof (calculated for these purposes excluding any VAT forming part of such Credit Approved Debt) to your Current Account (subject to the terms of this Agreement) upon the Insolvency or Prolonged Non-Payment of the Debtor.
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Credit protection means a guarantee or a credit derivative;
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Related to Credit protection

  • MFN Protection has the meaning set forth in Section 2.14(e)(iii).

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • Equal Credit Opportunity Act means the Equal Credit Opportunity Act, as amended.

  • Plant Protection Gas means the minimum volumes required to prevent physical harm to the plant facilities or danger to plant personnel when such protection cannot be afforded through the use of an alternate fuel. This includes the protection of such material in process as would otherwise be destroyed, but shall not include deliveries required to maintain plant production. A determination will be made by the Seller of minimum volumes required. Such essential volumes will be dispatched accordingly.

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • Consumer Protection Act means the Consumer Protection Act, No 68 of 2008;

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Letter of Credit Report means a certificate substantially the form of Exhibit H or any other form approved by the Administrative Agent.

  • Credit reporting agency means a corporation that carries on a credit reporting business.

  • Fire Protection means all aspects of fire safety including but not limited to fire prevention, fire fighting or suppression, pre-fire planning, fire investigation, public education and information, training or other staff development and advising.

  • Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

  • Credit report means any written, oral, or other communication of

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.

  • Cathodic protection means a technique designed to prevent the corrosion of a metal surface by making that surface the cathode of an electrochemical cell. For example, protection can be accomplished with an impressed current system or a galvanic anode system.

  • Community protection zone means the area within eight

  • Fair Housing Act means the Fair Housing Act, as amended.

  • Federal Trade Commission Act means the Federal Trade Commission Act of 1914.

  • Credit accident and health insurance means insurance on a debtor to provide

  • Medical leave means leave of up to a total of 12 workweeks in a 12-month period because of an employee’s own serious health condition that makes the employee unable to work at all or unable to perform any one or more of the essential functions of the position of that employee. The term “essential functions” is defined in Government Code section 12926. “Medical leave” does not include leave taken for an employee’s pregnancy disability, as defined in (n) below, except as specified below in section 11093(c)(1).

  • the 2007 Act means the Local Government and Public Involvement in Health Act 2007;

  • Truth in Lending Act means the Truth in Lending Act of 1968, as amended.

  • the 2009 Act means the Marine and Coastal Access Act 2009;

  • the 2002 Act means the Nationality, Immigration and Asylum Act 2002;

  • Education Act means the Education Act, R.S.O. 1990, c. E.2, as amended.

  • Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.