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Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...
Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.
A loan line sheet is a work document used by bank examiners who can be either bank regulators or bank "third party" or consulting examiners. [1] The line sheet represents the examiner's review of a bank loan, whether a loan to a company or to an individual. The line sheet initially contains basic information about the particular loan in ...
Subject to the "fortuity principle", the event must be uncertain. The uncertainty can be either as to when the event will happen (e.g. in a life insurance policy, the time of the insured's death is uncertain) or as to if it will happen at all (e.g. in a fire insurance policy, whether or not a fire will occur at all). [4]
Financial modelling of LLCR is now a standard metric calculated in a project finance model and has been standardized to a large extent [1] but always needs to be aligned with local practice of the financiers as described in the transaction term sheet. NPV(CFADS) is measured only up until the maturity of the debt tranche.
After the underwriting software produces a recommendation, loan officers review the output of the software and consider any additional information to make a final decision. The work of loan officers has sizable customer-service and sales components. Loan officers often answer questions and guide customers through the application process.
And our balance sheet remains strong. Ending the fourth quarter with $1.91 billion in cash, cash equivalents and marketable securities. Turning now to other business metrics.
Corporate-owned life insurance (COLI), is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families. Other names for the practice include janitor's insurance and dead peasants insurance .