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What (who) is credit insurance - definition
WIKIMEDIA DISAMBIGUATION PAGE
Credit Insurance; Credit insurance (disambiguation)
Trade credit insurance
TYPE OF INSURANCE
Trade Credit Insurance; Export credit insurance; Business credit insurance
Trade credit insurance, business credit insurance, export 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 accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. This insurance product is a type of property and casualty insurance, and should not be confused with such products as credit life or credit disability insurance, which individuals obtain to protect against the risk of loss of income needed to pay debts.
Crediting
LOAN
Consumer Credit; Consumer lending; Lending industry; Consumer credit; Consumer loan; Credited; Crediting; Bank credit; Credit (economics); Consumer-loan company; Credit supply; Credit (song); Credit (finance)
·p.pr. & ·vb.n. of Credit.
Credit
LOAN
Consumer Credit; Consumer lending; Lending industry; Consumer credit; Consumer loan; Credited; Crediting; Bank credit; Credit (economics); Consumer-loan company; Credit supply; Credit (song); Credit (finance)
·vt To bring honor or repute upon; to do credit to; to raise the estimation of.
II. Credit ·noun Influence derived from the good opinion, confidence, or favor of others; interest.
III. Credit ·noun Reliance on the truth of something said or done; belief; faith; trust; confidence.
IV. Credit ·noun Reputation derived from the confidence of others; esteem; honor; good name; estimation.
V. Credit ·noun That which tends to procure, or add to, reputation or esteem; an Honor.
VI. Credit ·noun A ground of, or title to, belief or confidence; authority derived from character or reputation.
VII. Credit ·noun The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.
VIII. Credit ·vt To confide in the truth of; to give credence to; to put trust in; to Believe.
IX. Credit ·vt To enter upon the credit side of an account; to give credit for; as, to credit the amount paid; to set to the credit of; as, to credit a man with the interest paid on a bond.
X. Credit ·noun Trust given or received; expectation of future playment for property transferred, or of fulfillment or promises given; mercantile reputation entitling one to be trusted;
- applied to individuals, corporations, communities, or nations; as, to buy goods on credit.
XI. Credit ·noun The side of an account on which are entered all items reckoned as values received from the party or the category named at the head of the account; also, any one, or the sum, of these items;
- the opposite of debit; as, this sum is carried to one's credit, and that to his debit; A has several credits on the books of B.
Wikipedia
Credit insurance
Credit insurance refers to several kinds of insurance relating to financial credit:
- Trade credit insurance, purchased by businesses to insure payment of credit extended by the business
- Payment protection insurance, purchased by consumers to insure payment of credit extended to the consumer
- Credit derivative, financial instrument or technique designed to separate and then transfer the credit risk of an underlying loan
Examples of use of credit insurance
1. The Shanghai Electric Group will be the project contractor, while the China Export and Credit Insurance Corp. (Sinosure) will provide credit insurance service to the project.
2. We are protected with collaterals, and we also carry credit insurance policies" he said.
3. I had an opportunity to take out credit insurance, but didn‘t.
4. Export–Import Bank discussed additional financing under its $500 million credit insurance facility with the Trade Bank of Iraq.
5. Also, Harel sold a third of its holdings in the Israeli Credit Insurance Company to the French insurer Euler Hermes.