The phrase
"financial catastrophe" means a situation where something goes really wrong with money and it leads to a big disaster or a major problem. It usually refers to an event or a series of events that result in severe financial loss, failure, or ruin for individuals, companies, or even the entire economy.
Full definition
Helping apply for and attain the correct insurance policy limits medical expenses to reasonable levels and prevents
financial catastrophe in the event of a major medical event.
You can do the same type of assessment with your spending and debt habits to reduce the risk
of financial catastrophe from your debt situation.
With less debt, you save money on interest charges and reduce your risk of
financial catastrophe if your income is disrupted and you are unable to make payments.
It enables individuals and families from all economic brackets to maintain independence in the face
of financial catastrophe.
The law also ensures that spouses who have sacrificed their careers to raise a family do not
suffer financial catastrophe upon divorce, and that the lower earning spouse and stay - at - home parent will not be financially punished.
Furthermore, he argues that small countries did no worse than large countries
when financial catastrophe hit in 2008, concluding that a «rising tide lifts small boats faster, it seems, but they are no more likely to sink in a storm».
To find the most affordable way to protect yourself from
financial catastrophe call Effective Coverage at (800) 892-4308 or get a quote online.
Everyone likes making a little extra money, of course, but in an uncertain economy, a second (or third, or fourth) income stream is excellent insurance against any
single financial catastrophe.
It's also a significant step toward addressing a growing student loan crisis, one that's dealing with rising defaults and could morph into a
nationwide financial catastrophe.
Unfortunately, the
next financial catastrophe that is going hit the system, and for which the Fed is helpless to prevent, will make everyone yearn for just the tech bubble or «big short» bubble collapses.
If you were to
experience financial catastrophe and find yourself in bankruptcy court, it's entirely possible several million dollars of your 401 (k) balance could be protected from creditors as the courts have been hesitant to invade retirement principal.
So holding Hong Kong dollars essentially gives you ALL of the benefits of holding US dollars, but with free downside protection in the event of any major
US financial catastrophe.
Should the Fed allow
small financial catastrophes to proceed with little intervention - a «natural burn» policy - or should they defend against these problems on most occasions?
I've kept them not for investment purposes but for
unforeseen financial catastrophes, real great disasters like national default on debts or total government collapse in Washington.
«Just as we confronted
global financial catastrophe in 2008, today, with climate change, we face outsize risk with enormous potential for harming our way of life,» he told Audubon.
President Barack Obama insists this isn't just another temporary respite before Washington drives the country, and the rest of the world, to the edge of
financial catastrophe once again.
Like a junk food eater who ignores diabetes because he feels okay right now, we tend to think of devastating,
macro-level financial catastrophes in an abstract «out - of - sight - out - of - mind» way... until disaster hits our doorstep with total -LSB-...]
To find the most affordable way to protect yourself from
financial catastrophe call Effective Coverage at (800) 892-4308 or get a quote online.
The upfront cost of carrying a policy in South Dakota is minimal compared to the
potential financial catastrophe you would face if the unthinkable occurred.
If you are one of the many people who rent in Lynn, Massachusetts, you need coverage so that if a problem comes up and your property is lost or damaged, you won't
face financial catastrophe.
We New Yorkers much prefer our «leaders» to be money laundering whore mongers (like Elliot Spitzer), unqualified carpet baggers that do the bidding of Wal - Mart (like Hillary Clinton) or the midwives
of financial catastrophe (Andrew Cuomo.)
Canadians were somewhat insulated from
the financial catastrophe by our more - regulated banking climate but this time around there will be nowhere to hide.