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Home > QFINANCE Dictionary > Definition of Asset Protection Scheme

Definition of

Asset Protection Scheme

Banking

UK insurance plan supporting banks in the United Kingdom, a government program established in 2009 that, for a fee, supports banks which have many bad loans and whose capital base is therefore compromised. It provides insurance against further losses, on the security of agreed assets, so that banks can continue to lend money.

Related definitions of "Asset Protection Scheme"

Definitions of ’Asset Protection Scheme’ and meaning of ’Asset Protection Scheme’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Asset Protection Scheme’ and other financial terms with our online QFINANCE Financial Dictionary.

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