Parent Loan Financial Glossary

What is it? See Federal PLUS Loan.

Finance Term Definition Added By: Amelia

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Other Similar Finance Terms:

Financial Term Credit Insurance is Pays your monthly instalments if you have a loan, or a percentage of your credit card debts for a set period of time, if you cant work or are made redundant.

Financial Term Flood Insurance is Insurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated flood areas.

Financial Term Mortgage Life Insurance is A type of term life insurance. The amount of coverage decreases as the mortgage balance declines. In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceeds.

Financial Term Comprehensive Performance Assessment is This is a process used by the Audit Commission to assess how well local authorities are performing. Authorities are assessed as being in categories ranging from Excellent to Poor. Those authorities which are considered to be well run and have a rating of Good or Excellent have been given greater flexibilities and freedoms, and are subject to lower levels of inspection than poorer performing authorities.

Financial Term CCJ is County-Court Judgement (England and Wales) - awarded against you if you are summoned to court over a debt and either dont turn up or lose the case.