loan value
loan value (保险单)押借限额；抵借价值 指在财产或人身保险中能够安全贷款的最高金额，以便在借款人违约时，得以保护贷款人的权利。该最高金额实际上等于退保金额。 (→surrender value)
Search Results for: LOAN VALUE
loan value
loan value. Insurance. 1. The maximum amount that may be lent safely on property or life insurance without jeopardizing the lender’s need for protection from the borrower’s default. 2. The amount of money an insured can borrow against the cash value of his or her life-insurance policy. [Cases: Insurance 1868. C.J.S. Insurance §§ 352–356.]
loan to value ratio
loan-to-value ratio. The ratio, usu. expressed as a percentage, between the amount of a mortgage loan and the value of the property pledged as security for the mortgage. • For example, an $80,000 loan on property worth $100,000 results in a loan-to-value ratio of 80% — which is usu. the highest ratio that lenders will
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premium loan
A loan made to an insured by the insurer to enable the insured to pay further premiums. • The reserve value of the policy serves as collateral. [Cases: Insurance 1868, 2037. C.J.S. Insurance §§ 352–356, 518–519, 742–745, 749–754.]
loan certificate
loan certificate. A certificate that a clearinghouse issues to a borrowing bank in an amount equal to a specified percentage of the value of the borrowing bank’s collateral on deposit with the clearinghouse’s loan committee.
loan on life insurance policy
loan on life insurance policy 人寿保险单抵借 该术语具有两种意义：１它并不是通常意义上的贷款，而是指保险人支付给被保险人的一定数额的预付款，而这笔款项是保险人最终须支付给被保险人的;２指银行或其它金融机构发放的一种贷款，在这种贷款中，保险单以担保的方式转让给银行或其它金融机构。 (→loan value；surrender value)
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margin list
margin list. A Federal Reserve Board list limiting the loan value of a particular bank’s stock to a certain percentage (e.g., 50%) of its market value. • When a bank is not on the list, no limit is placed on the loan value of stock used as collateral.
nonforfeiture provision
nonforfeiture provision 不丧失条款；不作废条款 人寿保险单或有关人寿保险单的制定法中所含的一项条款，规定当保险单因被保险人停缴保险费而失效时，对保险单项下已经积存的责任准备金，被保险人有权选择下列一种处理方式：１作为退保金〔cash surrender value〕以现金形式领取；２作为一次性缴清的保费，将原保单改为展期保单，即原保单继续生效至该笔保费所能购买的保险期间届满；３作为一次性保费，将原保单改为已缴清保单〔paid-up policy〕，有效期按该笔保费所能购买的保险期间确定。该词有时也指制定法上的一项规定，即保险人不得签发包含如下内容的保险单：如果被保险人未偿还保单项下的贷款或其利息，保单将作废，被保险人将丧失一切权利，即使其在保单项下包括本金与利息的总债务额仍低于保单的贷款价值〔loan value〕。 (→nonforfeiture option)
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margin
margin, n. 1. A boundary or edge. 2. A measure or degree of difference. 3. PROFIT MARGIN. 4. The difference between a loan’s face value and the market value of the collateral that secures the loan. 5. Cash or collateral required to be paid to a securities broker by an investor to protect the broker
assignee
assignee ([schwa]-sI-neeor as-[schwa]-nee). One to whom property rights or powers are transferred by another. • Use of the term is so widespread that it is difficult to ascribe positive meaning to it with any specificity. Courts recognize the protean nature of the term and are therefore often forced to look to the intent of the