European Life Settlement Association - ELSA

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. Real Time Gross Settlement - RTGS

    The continuous settlement of payments on an individual order ...
  3. Window Settlement

    A form of settlement between dealers whereby trades are settled ...
  4. Viatical Settlement

    An arrangement in which someone with a terminal disease sells ...
  5. Threshold List

    A daily public accounting of market settlement system failures ...
  6. Settlement Period

    The period of time between the settlement date and the transaction ...
Related Articles
  1. Trading

    Profit From Unwanted Life Policies With Life Settlement

    With a life settlement you could cash in on your policy money now.
  2. ETFs & Mutual Funds

    What is a Settlement Date?

    A settlement date is the day a security trade must be settled.
  3. Markets

    The Foundation Of Structured Settlements

    This annuitized payment setup should be arranged through impartial attorneys and tax agents.
  4. Managing Wealth

    The Top Alternative Investments for 2016

    What are some of the best outside-the-box investment ideas for 2016? The answers may surprise you.
  5. Investing

    Debt Settlement Arrangements And Your Credit Score

    The debt settlement process is not for everyone and can further damage your credit score. However, it can prevent the debt from being sold to a collection agency, who may only accept payment ...
  6. Personal Finance

    A Guide To Debt Settlement

    Find out how you can negotiate your way to a lower debt load by paying up front.
  7. Investing

    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.
  8. Investing

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  9. Financial Advisor

    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. Markets

    What Do T+1, T+2, and T+3 Mean?

    T+1, T+2, and T+3 denote the day settlement occurs on a transaction.
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. Can a special needs trust protect my settlement from collections?

    I am on SSI and expecting a settlement from a class action lawsuit. I have several accounts in collections. I'm thinking ... Read Answer >>
  3. 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 >>
  4. Do you get a dividend if you have the stock on the ex-dividend date, but sell before ...

    Suppose the ex-dividend date is a Monday and the record date is a Wednesday. If you own the stock before & on the ex-dividend ... Read Answer >>
  5. 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 >>
  6. What do T+1, T+2 and T+3 mean?

    Whenever you buy or sell a stock, bond or mutual fund, there are two important dates of which you should always be aware: ... Read Answer >>
Trading Center