The main business of most export credit agencies is insurance of finance provided by exporters or banks (although some major agencies lend on their own account). Insurance policies provide for the exp [..]

Coverage against insolvency of a customer, which provides protection against payment default on loan, interest, or scheduled payments. Also known as "bad debts" insurance.

An insurance policy a lender requires a borrower to purchase to cover a loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance.

Definition Protection against usually large losses from unpaid accounts receivable.

insurance paid for by a debtor to assure payment of any outstanding credit balance in the event of death or disability

Credit insurance protects the insured party (usually the seller), in exchange for a premium, against a range of risks that result in non-payment by the buyer. Under an export credit guarantee, both co [..]

This is a type of insurance against losses that stem from creditors not paying their business debts. Manufacturers, wholesalers, importers or service providers often use this kind of insurance, in ord [..]

Credit Insurance, Trade Credit Insurance or AR Credit Insurance, is an insurance policy and a risk management product for companies wishing to protect their accounts receivable from loss due to credit risks such as Customer (Account Debtor) bankruptcy.

Insurance provided in exchange for a premium covering the loss incurred by a supplier in the case of non-payment by the supplier’s customer, due to the customer’s legal or de facto insolvency or simpl [..]

Credit insurance is an agreement to indemnify the loss which results from death, disability, or insolvency of a person to whom a credit has been extended. For example, in a relation between a debtor a [..]

see bad debt protection.

With credit insurance, consumers have protection should they become ill or otherwise have difficulty repaying their loans. The insurance covers monthly loan obligations for specific situations and for a specific amount or time period set out in the policy.

Insurance against bad debts. This form of insurance has expanded since it became the practice for the insured to accept liability for an agreed portion of the debt, as otherwise there would be little [..]

A guarantee to manufacturers, wholesalers, and service organizations that they will be paid for goods shipped or services rendered. Applies to that part of working capital which is represented by acco [..]

Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency. The coverage is geared to manufacturers, wholesaler [..]

Insurance a seller may purchase which responds in the event a buyer does not pay for goods received.

An insurance policy that pays debts should the borrower lose his or her job, die, or become disabled (usually called “credit life” policy).

Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency. The coverage is geared to manufacturers, wholesaler [..]

Coverage against default by creditors. Insureds can protect all of their accounts receivable or specific creditors. Some credit insurance companies also provide credit watch and account receivable advisory services.

A guarantee to manufacturers, wholesalers, and service organizations that they will be paid for goods shipped or services rendered. Applies to that part of working capital which is represented by acco [..]

A coverage that pays credit card debt in the event of death, disability or loss of employment.

Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency. The coverage is geared to manufacturers, wholesaler [..]

Protects businesses from late payment of commercial debts due to insolvency or protracted default, where the insurer assumes the risk and pays the client a percentage of the sales ledger value in such [..]

Insurance against abnormal losses due to unpaid accounts receivable.