Conditional Claim Rate

Business, Legal & Accounting Glossary

Definition: Conditional Claim Rate


Conditional Claim Rate


Full Definition of Conditional Claim Rate


The percentage of insured loans in a given category that are expected to result in claims over a specified time period. For example, fixed rate mortgages would have a different conditional claim rate than those with an adjustable rate. Factors such as a poor credit score and a high loan-to-value ratio can increase the conditional claim rate for a given class of mortgages. Mortgage insurance providers use the conditional claim rate to evaluate risk and determine the amount of funds that should be reserved to cover potential claims.


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https://payrollheaven.com/define/conditional-claim-rate/
Modern Language Association (MLA):
Conditional Claim Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/conditional-claim-rate/.
Chicago Manual of Style (CMS):
Conditional Claim Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/conditional-claim-rate/ (accessed: March 28, 2024).
American Psychological Association (APA):
Conditional Claim Rate. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/conditional-claim-rate/

Definition Sources


Definitions for Conditional Claim Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.