DEFINITION of 'European Life Settlement Association - ELSA'

An organization created to promote fair standards for the life settlement industry in Europe. ELSA also provides accurate information to both retail and commercial investors about life settlements. Its ultimate goal is the promotion and marketing of the life settlement industry across the European continent. Fair practices are also encouraged.

BREAKING DOWN 'European Life Settlement Association - ELSA'

ELSA was established in May of 2009. Any entity involved in the life settlement process can become a member. This includes providers of both capital and services, as well as intermediaries.

RELATED TERMS
  1. Settlement Risk

    The risk that one party will fail to deliver the terms of a contract ...
  2. Settlement Period

    The period of time between the settlement date and the transaction ...
  3. Life Settlement

    The selling of one's life insurance policy to a third party for ...
  4. Threshold List

    A daily public accounting of market settlement system failures ...
  5. Viatical Settlement

    An arrangement in which someone with a terminal disease sells ...
  6. Committee On Payment And Settlement ...

    A committee made up of the central banks of G10 countries that ...
Related Articles
  1. Investing

    What is a Settlement Date?

    A settlement date is the day a security trade must be settled.
  2. Personal Finance

    What Is a Lawsuit Settlement Loan?

    A lawsuit settlement loan is a cash advance for an impending settlement or judgment. There can be pricey strings attached.
  3. Taxes

    The Truth About IRS Tax Settlement Firms

    These companies claim that they can reduce or even eliminate what you owe to the IRS. Find out the facts behind this alluring fiction.
  4. Personal Finance

    A Guide To Debt Settlement

    Find out how you can negotiate your way to a lower debt load by paying up front.
  5. Financial Advisor

    How Life Insurance Settlements Are Evolving

    The life insurance industry marches forward by offering more ways that consumers can access the death benefits in their policies. Here's one of the newest.
  6. Insurance

    4 Tips for Negotiating an Insurance Settlement

    It is possible to negotiate your own insurance settlement, especially when the injuries are relatively minor and the other party’s fault is obvious.
  7. Investing

    Credit Suisse to Pay $5.3 Billion to End MBS Suit

    For the second time in as many days, a major European bank has reached a financial settlement with the U.S. Justice Department. Credit Suisse (NYSE: CS) will pay a total of nearly $5.3 billion ...
  8. Investing

    Justice Offers Deutsche Bank a $14B Settlement

    It seems like it's soon to be Deutsche Bank's (NYSE: DB) turn on the regulatory wheel of punishment. A report published in The Wall Street Journal, citing "people familiar with the matter," ...
  9. Insurance

    Whole or Term Life Insurance: Which Is Better?

    Learn the difference between term life insurance and whole life insurance. Understand when it is beneficial to buy each type of life insurance.
  10. Financial Advisor

    How Life Insurance Can Help With Liquidity

    Life insurance can provide liquidity in personal and business situations when access to capital is essential. Learn how to utilize its unique properties.
RELATED FAQS
  1. When is a share purchase marked as 'settled' by a brokerage?

    Understand the process of purchasing stock, including ordering, clearing and settlement, and learn when a stock trade is ... Read Answer >>
  2. Do I own a stock as of the trade date or the settlement date?

    When it comes to buying shares, there are two key dates involved in the transaction. The first date is the trade date, which ... Read Answer >>
  3. How will debt settlement affect my credit score?

    Learn how a debt settlement arrangement, though sometimes the best option to eliminate an outstanding debt, can negatively ... Read Answer >>
  4. Will a debt settlement program affect my credit score?

    Understand the impact of negotiating debt settlements on your credit score, and learn what factors determine the size of ... Read Answer >>
Hot Definitions
  1. Straddle

    An options strategy in which the investor holds a position in both a call and put with the same strike price and expiration ...
  2. Trickle-Down Theory

    An economic idea which states that decreasing marginal and capital gains tax rates - especially for corporations, investors ...
  3. North American Free Trade Agreement - NAFTA

    A regulation implemented on Jan. 1, 1994, that eventually eliminated tariffs to encourage economic activity between the United ...
  4. Agency Theory

    A supposition that explains the relationship between principals and agents in business. Agency theory is concerned with resolving ...
  5. Treasury Bill - T-Bill

    A short-term debt obligation backed by the U.S. government with a maturity of less than one year. T-bills are sold in denominations ...
  6. Index

    A statistical measure of change in an economy or a securities market. In the case of financial markets, an index is a hypothetical ...
Trading Center