Credit term (Credit period, Payment term)

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.
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Credit limit

The maximum exposure specifically approved or otherwise authorized by the insurer in respect of a buyer.
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Country limit

The maximum exposure specifically approved or otherwise authorized by the insurer in respect of a particular country.
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