User Account

All Pages

Legal assignment of a borrower life assurance policy

Assignment Help Finance Basics
Reference no: EM133120961

A bank holds a legal assignment of a borrower's life assurance policy which has sufficient cash surrender value to satisfy the loan. Upon discovery that the assignor has not remitted the monthly premiums to the Insurer over a year, what actions the bank should immediately put in place to secure its loan exposure?

Reference no: EM133120961

Questions Cloud

What would be the total overhead cost : Assume that 7,800 machine hours are likely to be used in the coming month, what would be the total overhead cost based on the above calculations
What is the appropriate inter-lease discount rate : Suppose you are considering the acquisition of an income producing property. The building is currently leased for the next 5 years with annual (year-end) cashfl
Reducing risks of asymmetric information : Explain the importance of financial regulation to economic growth and transparency by reducing risks of asymmetric information in the financial system and give
Expected rate of return-new start corporation : New Start Corporation's stock currently sells for $50 per share. The company just paid a dividend $2, and the growth rate is 6%.
Legal assignment of a borrower life assurance policy : A bank holds a legal assignment of a borrower's life assurance policy which has sufficient cash surrender value to satisfy the loan. Upon discovery that the ass
Role of management accounting and control : Critically evaluate the impact that they have for management accounting practice and management control - role of management accounting and control
What is the value of the firm under plan i : Rolston Corp. is comparing two different capital structures: an all-equity plan (plan I) and a levered plan (plan II). Under plan I, Rolston would have 265,000
What amount will the insurance company pay for the damages : Damage to the parked car was $12,300, and damage to the store was $8,100. What amount will the insurance company pay for the damages
Calculate the value of a bond : Calculate the value of a bond that will mature in 18 years and has a face value of $1000. The annual coupon interest rate is 14 percent, and the investors requi

Reviews

Write a Review

Finance Basics Questions & Answers

  Connection between capital budgeting decisions

Discuss the connection between capital budgeting decisions and the enterprise's cost of capital. Would an enterprise

  What amount of retained earnings will pack report

What amount of retained earnings will Pack report in its December 31, 2014, consolidated balance sheet?

  You have 30000 and decide to invest on margin if the

you have 30000 and decide to invest on margin. if the initial margin requirement is 60 percent what is the maximum

  Why is operating exposure to currency risk hard

In light of this fact, should firms perhaps abstain from it and concentrate on managing their transaction exposures instead? Why, or why not?

  Prepare the journal entry for current tax

Calculate taxable income and prepare the journal entry for current tax payable (the tax rate is 30%) as at 30th June 2014 and using the direct method, prepare the Cash flows from Operating Activities.

  What percentage has the us dollar changed

Assume that over a particular period the US dollar appreciated against the Swiss franc by 16.1% and the Swiss franc appreciated against the Colombian peso by 25

  Overseas supplier outweigh the challenges

Discuss some of those challenges. Do you think the advantages of using an overseas supplier outweigh the challenges?

  What is the purpose of long-term care insurance

What are they? What is the purpose of long-term care insurance?

  Summary about the stages of conflict management

Write a 350- to 700-word summary about the stages of conflict management. What steps will a team take to resolve conflict? What are the consequences of exhibiting behavior that could have a negative effect on the team?

  What will happen to ytm and the bond price

In the bond market, what is the difference between the coupon rate and the yield to maturity? Why are they usually different? After bond issuance, if inflation rate go up, what will happen to YTM and the bond price?

  Generate an arbitrage profit

Assume that risk-free bonds earn a return of 3.5% and that an investment today of $1000 in the market index fund will pay off either $1200 (strong economy) or $

  Replacement costs for the items

What would it cost an insurance company to replace a family's personal property that originally cost $40,000? The replacement costs for the items have increased

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd