Customer (Buyer, Debtor, Insured, Policyholder) 0 Comments July 9, 2014 by Aman Union Leave a comment “Customer” may refer to both the Buyer and the Insured. See under these terms. Read More
Credit underwriting (Limit underwriting) 0 Comments July 9, 2014 by Aman Union Leave a comment Assessment by the credit insurer of the financial condition of buyers, before setting a credit limit. Read More
Credit term (Credit period, Payment term) 0 Comments July 9, 2014 by Aman Union Leave a comment The period after delivery or shipment of goods or after rendering of services at the expiry of which invoices are due to be paid; The period of time provided by the insured to the buyer for repayment of delivered goods or services. Read More
Credit limit 0 Comments July 9, 2014 by Aman Union Leave a comment The maximum exposure specifically approved or otherwise authorized by the insurer in respect of a buyer. Read More
Credit assessment fee (Credit rating fee) 0 Comments July 9, 2014 by Aman Union Leave a comment Contribution to the costs of credit information gathered for the assessment of the buyer’s risk. Read More
Covered percentage (Insured percentage, Percentage of cover, Guaranteed percentage, Indemnity amount) 0 Comments July 9, 2014 by Aman Union Leave a comment The percentage of each insured loss that is indemnified by the insurer. Read More
Country rating (Country rank, Country risk classification) 0 Comments July 9, 2014 by Aman Union Leave a comment An indication of creditworthiness of a country. Read More
Country limit 0 Comments July 9, 2014 by Aman Union Leave a comment The maximum exposure specifically approved or otherwise authorized by the insurer in respect of a particular country. Read More
Country cover conditions 0 Comments July 9, 2014 by Aman Union Leave a comment Terms of coverage imposed by the insurer for their acceptance of cover on (buyers in) a particular country. Read More
Costs for work in progress (Pre-invoicing expenses, Costs incurred but not billed) 0 Comments July 9, 2014 by Aman Union Leave a comment Expenses incurred for uncompleted rendered services or product construction. Read More