MLchartDataset catalogue

Default insurance

Term · Insurance and risk management · MLC-T-INS-001096

A form of insurance that protects a lender against losses resulting from a borrower's failure to repay a loan. This coverage is frequently used in mortgage lending, where it is known as private mortgage insurance (PMI). It transfers the risk of default from the lender to the insurer.

Table 1. Record
IdentifierMLC-T-INS-001096
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001096",
  "term": "Default insurance",
  "field": "Insurance and risk management",
  "definition": "A form of insurance that protects a lender against losses resulting from a borrower's failure to repay a loan. This coverage is frequently used in mortgage lending, where it is known as private mortgage insurance (PMI). It transfers the risk of default from the lender to the insurer.",
  "url": "https://mlchart.com/terminology/insurance/default-insurance/"
}

Record 904 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.