单词 | residual debt insurance |
释义 | residual debt insurance in Insurance (rɪzɪdʒuəl dɛt ɪnʃʊərəns) noun (Insurance: General) residual, insurance , insurance , insurance Residual debt insurance is a type of risk insurance that banks often require when granting a loan, which is used to guarantee that the loan is repaid in the event of death or disability. Residual debt insurance policies cover the borrower's risk of being unable to pay back the loan to the bank,for example, in case of unemployment or death. A residual debt insurance policy is a special type of risk insurance which is used to guarantee that the loanis repaid in the event of death or disability. Residual debt insurance is a type of risk insurance that banks often require when granting a loan, whichis used to guarantee that the loan is repaid in the event of death or disability. |
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