Define abundance of caution

Answer by Lucy Griffin: Abundance of caution is a term developed and used by lenders.

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Define abundance of caution

An Abundance of caution ; While Bellingham is a relatively safe small city, it is possible to find trouble if one seeks it out. Abundance of caution , when used to describe decisions to require collateral, means that the collateral is required in circumstances in which it is not required by statute, regulation, or the institution's policies and it would not be required by a prudent lender to support the credit decision. Internal Collaboration means collaborative arrangements within a group of companies or within various strategic business. Conference of the Parties means the Conference of the Parties to the Convention;. Prosecute and Maintain means, with regard to a Patent Right, the preparing, filing, prosecuting and maintenance of such Patent Right, as well as handling re-examinations, reissues, and requests for patent term extensions with respect to such Patent Right, together with the conduct of interferences, the defense of oppositions and other similar proceedings with respect to the particular Patent Right. Positive Behavioral Theory and Practice means a proactive approach to behavior and behavior interventions that:. Licensed Information means any information concerning the Licensed Program, which is owned by the Licensor and is licensed to the Licensee together with the Licensed Program. Contractor Commercially Sensitive Information means the information listed in the Contractor Commercial Sensitive Information Annex to the Contract being information notified by the Contractor to the Authority which is acknowledged by the Authority as being commercially sensitive information. Third Party Material means software, software development tools, methodologies, ideas, methods, processes, concepts and techniques owned by, or licensed to a third party and used by the Service Provider in the performance of the Services;. Commercially Sensitive Information means the Information i listed in the Commercially Sensitive Information Schedule; or ii notified to the Authority in writing prior to the commencement of this Contract which has been clearly marked as Commercially Sensitive Information comprised of information:. A public wiki that anybody can edit is an example of such a server. Product Information has the meaning specified in Section Patent No.

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Infinitive or -ing verb? Avoiding common mistakes with verb patterns 1. Add to word list Add to word list. The Governor described the deployment of the National Guard as "an abundance of caution ". Cautious and vigilant.

Answer by Lucy Griffin: Abundance of caution is a term developed and used by lenders. I'm not aware of any federal regulatory definition, but regulators sometimes produce an explanation based on specific questions posed to the agency. In general use, abundance of caution is used to mean that the additional security isn't required by underwriting guidelines, but the lender requires it, being abundantly cautious. This usually happens when the loan has high risk, or the customer is a first-time borrower. The term comes into play in the compliance arena when flood insurance must be considered. Regulatory responses there have stated that the value of the property relative to the loan, or the role of the security in making the loan, is not relevant. What matters is taking the security interest which triggers the flood insurance rules. Answer by Jim Bedsole: The only place, from a federal regulation standpoint, where I'm aware of the term being used is in the appraisal regulations for FDIC banks, that's 12 CFR ; there are corresponding regulations for the other regulators as well. In

Define abundance of caution

Add to word list Add to word list. The Governor described the deployment of the National Guard as "an abundance of caution ". Cautious and vigilant. Browse amyloidosis. Read More. March 04, To top. Sign up for free and get access to exclusive content:. Free word lists and quizzes from Cambridge.

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Usage explanations of natural written and spoken English. British and American pronunciations with audio. English usage. Something or other was being closed or they would no longer be providing services. Subscribe NOW! Joint Patents has the meaning set forth in Section 9. Commercially Sensitive Information means the Information i listed in the Commercially Sensitive Information Schedule; or ii notified to the Authority in writing prior to the commencement of this Contract which has been clearly marked as Commercially Sensitive Information comprised of information:. English—Spanish Spanish—English. Yet there is often an element of hypocrisy to this phrase. English—Portuguese Portuguese—English. Word lists shared by our community of dictionary fans. I have recently read "to qualify under the abundance of caution definition, you would have to make the loan under the same terms and condition as if the borrower did not offer the real estate as collateral. It's World Pizza Day, and to celebrate we discuss the vocabulary around one of our favourite food staples. Type your email… Subscribe. He is a very to journalism and the book world.

I like to err on the side of caution and always keep some money in my savings account.

Follow us. Check See the answer Next Next quiz Review. Features such as electric windows consume energy. Collins API. Search Complaince Content. The word in the example sentence does not match the entry word. Type your email…. In general use, abundance of caution is used to mean that the additional security isn't required by underwriting guidelines, but the lender requires it, being abundantly cautious. With more seats made available, it should be a poisonous atmosphere. Translations Click on the arrows to change the translation direction. The Governor described the deployment of the National Guard as "an abundance of caution ". Build your vocabulary.