credit protection definition

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

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

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

credit protection means transfer of credit risk from the buyer to the provider of that protection;

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.

credit protection means a guarantee or a credit derivative;