Credit insurance can be a financial lifesaver in the event of certain catastrophes. However, many credit insurance policies are overpriced relative to their benefits, as well as loaded with fine print that can make it hard to collect on. If you feel that credit insurance would bring you peace of mind, be sure to read the fine print as well as compare your quote against a standard term life insurance policy.
Investment dictionary. Academic. 2012.
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Credit insurance — is a term used to describe both business credit insurance (a.k.a. trade credit insurance) and consumer credit insurance, e.g., credit life insurance, credit disability insurance (a.k.a. credit accident and health insurance), and credit… … Wikipedia
credit insurance — n: insurance paid for by a debtor to assure payment of any outstanding credit balance in the event of death or disability Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. credit insurance … Law dictionary
credit insurance — insurance against abnormal losses due to unpaid accounts receivable. Bloomberg Financial Dictionary * * * credit insurance credit insurance ➔ insurance * * * credit insurance UK US noun [U] (also consumer credit insurance) ► INSURANCE … Financial and business terms
credit insurance — noun : insurance against excessive loss due to default of debtors * * * credit insurance noun Insurance against bad debts, taken out when a business sells on credit • • • Main Entry: ↑credit * * * credit insurance, 1. insurance to protect… … Useful english dictionary
credit insurance — insurance for selling on credit … English contemporary dictionary
credit insurance — Insurance against the risk of nonpayment of a commercial debt. Lenders often require this insurance. If the borrower dies or becomes disabled, or a business becomes insolvent, before the loan is paid off, the policy will pay the remaining… … Business law dictionary
credit insurance — 1) An insurance policy that continues the repayments of a particular debt in the event of the policyholder being financially unable to do so because of illness, death, redundancy, or any other specified cause. 2) (credit guarantee) A form of… … Big dictionary of business and management
credit insurance — /ˌkrɛdət ɪnˈʃɔrəns/ (say .kreduht in shawruhns) noun insurance coverage designed to minimise loss to creditors when a debtor defaults … Australian English dictionary
credit insurance — A policy of insurance which protects the insured against loss resulting from the insolvency or inability of his customers to pay their accounts. Such policies usually provide that the insured shall bear an initial loss of an agreed upon amount… … Ballentine's law dictionary
Trade Credit Insurance — or Credit Insurance is an insurance policy and a risk management product offered by private insurance companies and governmental Export Credit Agencies to business entities wishing to protect their balance sheet asset, accounts receivable, from… … Wikipedia