Entry from British & World English dictionary
Definition of credit insurance in English:
Insurance taken out to protect against bad debts.
- Over the coming weeks and months, it will be interesting to see if market confidence wanes regarding the mountains of credit derivatives and credit insurance.
- Before you finalize your paperwork, the dealership will offer you extended warranty plans and credit insurance to further protect your new investment.
- In terms of insurance products, we have medium term credit insurance, which is simply payment insurance for a term longer than two years.
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