insurance against abnormal losses due to unpaid accounts receivable. Bloomberg Financial Dictionary
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credit insurance UK US noun [U] (also consumer credit insurance)
► INSURANCE, FINANCE insurance that will pay back someone's loan if they die, are unable to work because of illness or injury, or lose their job: »
Lenders as well as borrowers benefit from credit insurance, which gives them security against payment problems.
Financial and business terms. 2012.