However, the most cost-effective way of providing cover for your repayment mortgage is decreasing term.
What does DT stand for?
DT stands for Decreasing Term (insurance)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of DT
We have 62 other meanings of DT in our Acronym Attic
- Day Tripper (Beatles song)
- Day/Daytime Television
- Dead Time
- Death Touch (gaming clan)
- Death Trap (gaming)
- Decay Time
- Decision Technology (choices)
- Decision Tree
- Decision-Related Tracker
- Declaration of Taking (property)
Samples in periodicals archive:
Decreasing Term Protection Plans - this is a form of life insurance which covers you for a set term and pays out a lump sum if you die during the policy term.
With decreasing term policies the benefit payable on death falls each year until it is 0 by the end of the policy's term, such insurance is often used in tandem with the purchase of a repayment mortgage whose capital value falls over the mortgage term.
Under the partnership, Barclays will offer both level and decreasing term insurance products as non-advised sales through the Barclays website.
An asset based lender (ABL) will be prepared to provide additional funding for both existing and new plant and equipment - normally lent over a three to five year term on a decreasing term loan.
Most people who retire choose the incorrect retirement insurance, a decreasing term policy, whereby no one will collect the benefit.
Decreasing terms of trade mean that a country must export more in order to pay for a given volume of imports.