Moratorium
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- July 9, 2014
- by Aman Union
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A cessation of payments, usually by a government, to all or a class of creditors.
Minimum retention
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- July 9, 2014
- by Aman Union
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The minimum amount of each loss that the insured has to bear for their own account.
Minimum premium
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- July 9, 2014
- by Aman Union
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The agreed minimum amount of premium to be paid for a specified period regardless of the volume of declared turnover or outstanding balances.
Medium-term business
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- July 9, 2014
- by Aman Union
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Transactions under which the insured provides the buyer with a credit period between 1 and 3 to 5 years in length, usually characterized by a down payment followed by equal installment of payments.
Mean length of credit
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- July 9, 2014
- by Aman Union
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Average period between delivery or shipment of goods and due date of invoice.
Mean delivery date
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- July 9, 2014
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Average period between date of order and date of delivery or shipment of goods or completion of services.
Maximum pre-credit risk period
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- July 9, 2014
- by Aman Union
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The maximum insured period between contract date and shipment of goods or provision of services.
Maximum credit terms (Maximum payment terms)
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- July 9, 2014
- by Aman Union
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The longest credit period approved for a buyer under the policy.
Manufacturing period
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- July 9, 2014
- by Aman Union
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The period between the date of order and the delivery or shipment of the goods.
Main insurer
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- July 9, 2014
- by Aman Union
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The leading insurer acting on behalf of a group of joint insurers.