|Creditor Proof Protection|
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Definition of Creditor Proof Protection
Creditor Proof Protection
The creditor proof status of such things as life insurance, non-registered life insurance investments, life insurance RRSPs and life insurance RRIFs make these attractive products for high net worth individuals, professionals and business owners who may have creditor concerns. Under most circumstances the creditor proof rules of the different provincial insurance acts take priority over the federal bankruptcy rules.
The requirement that a claim holder voting against a plan of reorganization
A feature of some callable bonds that establishes an initial period when the bonds may not be
A federal Act specifying the proportion of
Lender of money.
Person or business that is owed money.
A lender or lending institution that offers financing and loans to a borrower, for the purpose of acquiring a commodity.
Purchases of goods or services from suppliers on credit to whom the debt is not yet paid. Or a
Is an agreement with the Bank or Financial Institution to cover overdrafts. This service will typically involve a fee and be limited to a pre-set maximum amount.
A short-term source of credit which allows you to overdraw on your account up to a pre-established limit. For example, overdraft protection spares customers both the cost and the personal embarrassment of NSF cheques. Overdraft protection is attached to your PCF Chequing Account.
Protecting domestic industry from import competition by means of tariffs, quotas, and other
Policy of tariffs or import quotas to protect domestic producers from foreign competition.
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