K
Key Person Insurance
A life insurance policy that a company purchases on a key executive’s life. The company is the beneficiary of the plan and pays the insurance policy premiums. Key person insurance is needed if the sudden loss of a key executive [...]
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
G
Gap Insurance
Vehicle insurance that pays out the difference between the insured value (market value) and the amount outstanding under the vehicle finaning agreement. For example if the insured value is [...]
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
D
Debit order
A debit order is an authority to a bank, to deduct payments on a regular periodic basis from the client’s bank account in terms of a credit agreement signed. [...]
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A
Access Bond
An Access Bond permits you to withdraw funds from your mortgage account up to an agreed amount.
Administration Fee
Monthly fee levied by the bank to administer your loan account
Ability to [...]
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