Credit Insurance,
Credit Insurance: What is the Meaning of Credit Insurance?
Default protection for customers who offer protection against credit, interest or scheduled payments. Also called bankruptcy insurance.
Credit Insurance can be defined as, Commercial coverage for damages, usually due to bankruptcy, as a result of a breach of the lender's commercial obligations to the policyholder. The coverage is intended for manufacturers, wholesalers and service providers who rely on very few accounts and may lose significant income in the event of bankruptcy.
Literal Meanings of Credit Insurance
Credit:
Meanings of Credit:
Publicly recognizing someone as a production participant (something to be published or broadcast)
Add (amount of money) to the account.
Belief (no wonder or impossible)
The ability of the user to receive goods or services prior to payment based on the belief that payment will be made in the future.
An entry that records the amount received, to the right or in the Accounts column.
Public acknowledgment or appreciation, usually what is given or received when one's responsibility for an action or ideology becomes clear.
Confirmation by the student of completion of this course or activity by degree or diploma as recorded in the school records.
Sentences of Credit
The script is attributed to an American author and two Japanese authors
You may not believe it but it is true
Columns must be included and the debit amount must be equal to the credit amount.
The president claims all the success for himself
Cicero's abstract philosophy lost its popularity
Synonyms of Credit
have confidence in, kudos, reliability, recognition, respect, acclaim, chalk up, admiration, acknowledgement, count on, rely on, financial standing, hat tip, have faith in, attribute, assign, commendation, credibility, regard, veneration
Insurance:
Meanings of Insurance:
The process or arrangement in which a company or government agency guarantees compensation for some loss, injury, illness or death in exchange for premium payments.
Anything that provides protection against possible emergencies.
Sentences of Insurance
Many new lenders sign up for unemployment or health insurance
Adherence to high standards of personal conduct is the best protection against personal problems.
Synonyms of Insurance
security, indemnification, provision, protection, cover, safety measure, safeguard, shelter, preventive measure, surety, defence, financial protection, precaution, indemnity, immunity