Cure Provision: A provider contract clause which specifies a time period (usually 60--90 days) for a party that breaches the contract to remedy the problem and avoid termination of the contract.

 

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Cure Provision: A provider contract clause which specifies a time period (usually 60--90 days) for a party that breaches the contract to remedy the problem and avoid termination of the contract.

Secured Bonds: Bonds for which assets have been pledged in order to guarantee repayment.

Secured Credit Card: A secured credit card is linked to a savings account you open with the bank or other financial institution offering the card. You deposit a sum of money in the account, and you can borrow up . . . View Full Definition

Secured Debt: Debt that has first claim on specified assets in the event of default.

Secured Bond: The issuer of a bond or other debt security may guarantee, or secure, the bond by pledging, or assigning, collateral to investors. If the issuer defaults, the investors may take possession o . . . View Full Definition

Secure Sockets Layer (SSL): A protocol designed by Netscape Communications to enable encrypted, authenticated communications across the Internet. SSL is used mostly in communications between Web browsers and Web server . . . View Full Definition

Return To Work Provision: To encourage employees to return to work as soon as they become physically able, an additional incentive is usually provided for a certain period of time, and is called a return to work prov . . . View Full Definition

Secure Digital (SD) Card: A Secure Digital (SD) card is an SDMI-compliant flash memory card used in many digital cameras, memory players, and other portable digital devices. Like other SDMI-compliant cards, an SD car . . . View Full Definition

Secured Loan: A loan which is backed up by assets belonging to the borrower (normally property) in order to decrease the risk taken on by the lender. Mortgages and some personal loans are secured loans. I . . . View Full Definition

Put Provision: Gives the holder of a floating-rate bond the right to redeem the note at par on the coupon payment date.