TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

MINIMUM DEPOSIT INSURANCE [1 record]

Record 1 1987-03-11

English

Subject field(s)
  • Insurance
DEF

a technique of borrowing against nonforfeiture (cash, loan or surrender) values in order to minimize the cash outlay for premium payments.

OBS

Created primarily for high tax level insurance buyers, the plan is designed to take advantage of the tax deductibility of the interest paid on the loan. The borrowed money may have come directly from the insuring company or from a lending institution (such as a bank) with the cash value acting as collateral.

French

Domaine(s)
  • Assurances

Spanish

Save record 1

Copyright notice for the TERMIUM Plus® data bank

© Public Works and Government Services Canada, 2019
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

Features

Language Portal of Canada

Access a collection of Canadian resources on all aspects of English and French, including quizzes.

Writing tools

A collection of writing tools that cover the many facets of English and French grammar, style and usage.

Glossaries and vocabularies

Access Translation Bureau glossaries and vocabularies.

Date Modified: