Coverage fund

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A cover fund is a pool of collateral from which claims of creditors are satisfied.

Cover funds are used in the insurance sector to form a pool when claims for damages from the social security of an injured person and claims against the liability insurance of the injured person coincide (see also quota privilege ) .

The term is also used for additional collateral in the case of funded bank bonds .

Individual evidence

  1. ↑ "Damage settlement in traffic accidents in Europe" published by the Foreign Lawyers Association Germany eV, ISBN 978-3-8423-1445-0 , p. 100
  2. ↑ Cover fund in the BAWAG-PSK stock exchange dictionary , accessed on October 23, 2017