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North Carolina Asset Protection News
Protective's Asset Protection Division to Join DealerTrack
LAKE SUCCESS, N.Y., June 26, 2006 /PRNewswire via COMTEX News Network/ -- DealerTrack Aftermarket Services, Inc. today announced that Protective's Asset Protection Division has agreed to join the DealerTrack Aftermarket Network(TM), the industry's first independent provider of real-time aftermarket contract rating and quote generation.
Protective's Asset Protection Division, a leading provider of extended service contracts, guaranteed asset protection (GAP), and credit/disability insurance, is the tenth aftermarket provider to be signed to the network. Other participating providers include Armored Tire, Charter Warranty, Life of the South, LoJack, Old Republic Insured Automotive Services Inc., Ultimate Warranty, Warrantech and Phoenix American/Wynn's Extended Care.
The DealerTrack Aftermarket Network provides dealers free access to real-time information on aftermarket vendors' products and services, and will include all categories of aftermarket products. DealerTrack's online rating and contract functionality creates a faster process, improves accuracy, and eliminates duplicate data entry. The network is now active with one provider and others will be going live in the near future.
"We are very pleased to welcome Protective to the DealerTrack Aftermarket Network," said David Trinder, president of DealerTrack Aftermarket Services, Inc. "Providing real-time data on available options for each vehicle and deal through the DealerTrack platform will boost Protective's efficiency and customer satisfaction. This is a dramatic improvement from the paper-based rate guides and contracting process and will reduce delays and errors, benefiting dealers and aftermarket providers." Read more at dealertrack.com
A Living Trust is an entity created for the purpose of holding and managing assets
A Living Trust is an entity created for the purpose of holding and managing assets for the benefit of the creators of the Trust (the “Trustors”) during their lifetimes and then for the purpose of management and distribution of the assets to the beneficiaries designated by the Trustors. There are various reasons for creating Living Trusts: (a) To avoid probate administration on death of either Trustor. (b) To avoid a court supervised conservatorship in the event of lifetime disability of either Trustor. (c) To provide for the management and distribution of assets during continued administration of the Trust or upon its termination.
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Integrated Financial Management Systems
Financial management systems must be designed with effective and efficient interrelationships between software, hardware, personnel, procedures, co... Read more >
Definition:
A savings account that allows the depositor to open the account as trustee for someone else (no real trust is set up). Account owners may use the funds as they see fit during their lifetime, and then upon their death the account balance is paid to the named beneficiary.
Municipal bond
Definition:
An investment security for which a state or local government promises to pay an amount at maturity (usually more than five years in the future) with interest, in return for a current investment. Municipal bonds are generally tax-free, but not always.
Real estate investment trust (REIT)
Definition:
A type of investment that pools the money of many individuals and acquires real estate or mortgages that are then owned proportionally by each investor.
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