Single interest insurance definition
Single interest insurance means insurance purchased by the creditor to insure its interest in the collateral securing a debtor's credit transaction. Three (3) conditions must be met for payment of loss under the policy:
Single interest insurance means credit personal property insurance covering only the seller’s or creditor’s interest in the goods purchased through the credit transaction or pledged as collateral in the credit transaction.
Single interest insurance means insurance purchased by the creditor to insure its interest in the collateral securing a debtor’s credit transaction which requires that three conditions be met for payment of loss under the policy:
Examples of Single interest insurance in a sentence
Bank is authorized, but not obligated, to purchase any or all insurance or "Single interest insurance" protecting such interest as Bank deems appropriate against such risks and for such coverage and for such amounts, including either the loan amount or value of the Collateral at its discretion, all at Debtor's expense.
Single interest insurance, which again vary depending on her type of die you review, the seller should deliver new goods having a reasonable time after new contract also made.
More Definitions of Single interest insurance
Single interest insurance means insurance purchased by the
Single interest insurance. You may obtain insurance from anyone that is acceptable to us. Filing Fees Non-Filing Insurance
Single interest insurance means credit personal
Single interest insurance means insurance purchased by the creditor to insure its interest in the collateral securing a debtor's credit transaction. Three
Single interest insurance means insurance purchased by the creditor to insure its interest in the collateral securing a debtor's credit transaction. Three