Credit insurance

Credit insurance
Insurance against abnormal losses due to unpaid accounts receivable.
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FCIA ...

Debt (Credit Insurance)
Money, goods or services that someone is obligated to pay someone else in accordance with an expressed or implied agreement. Debt may or may not be secured.
Disability Insurance (Credit Insurance) ...

group credit insurance
coverage issued to a creditor on the lives of debtors for outstanding loans. If a debtor dies before repayment, the policy pays the remainder of the loan to the creditor.

FCIA (FOREIGN CREDIT INSURANCE ACT) - an EximBank program that offers credit insurance against losses d...
FCM - Is a type of brokerage firm. See Futures Commission Merchant.
FCOP - Is a Foreign Currency Options Principal.

credit insurance: An insurance policy may provide for compensation in the event that a party defaults.
letters of credit: A bank may confirm financing.

Credit Insurance:
Health, life, accident, or disruption of income insurance designed to pay the outstanding balance of debt.
Dividend: ...

EXPORT CREDIT INSURANCE
Insurance designed to guarantee that an exporter will be paid for his/her goods after delivery.

Export credit insurance:
A policy to cover some of the riskier areas faced by exporters i.e. non- payment due either to insolvency of the importer (commercial risk) or political events (political risk).

Export Credit Insurance - Insurance provided to exporters in order to protect them against commercial and political risks.

Foreign Credit Insurance Association (FCIA)
A private consortium of US insurance companies that offers trade credit insurance to US exporters in conjunction with the US Export-Import Bank.

Credit insurance repays some or all of a loan when certain things happen to the borrower such as unemployment, disability, or death.

Foreign Credit Insurance Association.
FMC
Federal Maritime Commission (Control of Shipping acts USA) ...

A form of credit insurance offered by commercial insurers to businesses. Accounts receivable insurance can take the form of multi-buyer insurance (a pool of receivables) or key buyer insurance.

See: Foreign Credit Insurance Association
FCM
See: Futures commission merchant
FDI ...

Export credit insurance
A program to guarantee payment to exporting firms who extend export credits.
Export facilitation ...

EDC is Canada's official export credit agency, responsible for providing export credit insurance, loans, guarantees, and other financial services to promote Canadian export trade.

Export Development Office ...

A private or public institution that would provide Capital Homestead credit insurance, similar to FHA home mortgage insurance.

Normally the package is secured by credit insurance so that investors are protected from the credit risks of the individual mortgages in the portfolio.

One is to obtain credit insurance for the actual realized loss to a defaulting counterparty. The other is to enter a credit default swap (CDS), which is essentially a contingent payment triggered
By David Shimko ...

Accounts Receivable Insurance - A form of credit insurance offered by commercial insurers to businesses. Accounts receivable insurance can take the form of multi-buyer insurance (a pool of receivables) or key buyer insurance.

government, the FFCS possesses a farm credit insurance fund, which would supply principal and interest payments should a system bank go bankrupt.

What if two or three of your main customers go bust or don't pay on time? What are the consequences of that? What is your plan to deal with it? Can you get credit insurance? What will it cost? Have you included it in your budget?

To act as collateral to the supplier in particular to obtain bank overdrafts or lower rates of interests
To reinforce the legal contract between supplier and customer
To encourage foreign trade; to obtain governmental credit insurance ...

Casualty insurance also comprises credit insurance, which may protect against the risk of bad debts from insolvency, disability, as well as the risk of loss of savings from bank failure.

At a recent price of $2.35, the whole company equity plus debt was valued at $418 million or about $1.8 million per store. In addition to furniture about 7% of the revenue comes from warranties and credit insurance.

In the US the official export credit agency is the Export-Import Bank of the United States (EX IM BANK), that provides working capital guarantees (pre-export financing), export credit insurance, loan guarantees and direct loans (buyer financing).

Credit Insurance
Insurance which covers the monthly payments on an outstanding debt for a fixed period, in the event of illness or unemployment....(Read more)
Credit Line ...

In that sense, they are the opposite of life insurance.
Credit Insurance, which pays some or all of a loan back when certain things happen to the borrower like unemployment, disability, or death.
Terrorism insurance
Political risk insurance ...

and includes all the costs paid by a non-exempt consumer borrower that are considered a "finance charge," including fees paid to third parties by the lender if not properly disclosed and excluded from the finance charge (such as credit insurance).

credit insurance Insurance issued to cover the payment of a loan, installment purchase, or other obligation if the borrower dies or defaults (e.g., mortgage insurance).

credit insurance A type of insurance protecting against generally large losses from unpaid accounts receivable. credit life insurance A type of insurance, often bought by mortgagors, in which the amount of the...

See also: Expense, Banks, Saving, Bills, Compensation