CAT standard

CAT standard

n
(Banking & Finance) (in Britain) a standard accepted voluntarily by building societies relating to charges, access, etc, against which Individual Savings Accounts can be judged
[C20: C(harges) A(ccess) T(erms)]
References in periodicals archive ?
Will the new CAT standard mortgages be as good as the Government claims they will be?
The Council of Mortgage Lenders welcomed the changes and said the first CAT standard mortgages will be available within days.
These have a CAT standard mark and are already in force with tax-exempt Individual Savings Accounts.
Meantime, funds which meet the Government's CAT standard - for Cost, Access and easy-to-understand Terms - do better because their charges are lower, according to figures from Norwich Union.
The low charges on CAT standard funds create a significant boost to performance, enhancing returns by as much as 7 per cent in the first year," said Mr Mark Skinner, director of sales at Norwich Union Investment funds.
25% until 31/01/2000"*** Rate includes 1% introductory bonus for accounts opened until 31/12TESSA ONLY ISA - pounds 1,000 TO INVESTProvider Product Contact Number Gross Rate Cat Standard Withdrawal Notice
Britain's biggest mortgage lenders will not be able to bring in home loans to comply with the Government's new CAT standard until after the Millennium.
Firms whose products meet the CAT standard carry a CAT mark.
Key targets for CAT standard mortgages will include:
For example, if you wanted to invest in a shares ISA which invests mainly outside Europe, it would not qualify for the CAT Standard.
In the past we had the CAT standard for ISAs but that never really took off.
WHAT A CRACKER: Hoping the fundraising fireworks will go with a bang are, from left, Kate Leadbeater, of Kirkwood Hospice, Helen Ashton, Bob Hryndyj and Debbie Coates, of Black Cat Standard Fireworks, with the Golden Bees firework