Credit insurance and debt collection glossary

Letter A

Arranged approval threshold

Letter B

Breach (condition of)
Buyer

Letter C

Cash against documents
Cause of loss
Claim
Claim Decision
Coinsurance
Collateral Beneficiary
Collection
Collection agency
Commercial risk
Consignment
Contract of sale
Credit Agreement or Line
Credit Insurance
Credit period
Customer credit facility

Letter D

DCL (Discretionary Credit Limit)
Debtor
Default (outright)
Delivery
Dispute
DSO (Days Sales Outstanding)
Due date

Letter E

Excess of Sales
Extension of due date

Letter I

Indemnifiable loss
Indemnification
Insolvency
Insurable turnover
International trade
Intervention request

Letter L

Lawful extension
Litigation mandate
Loss Payee

Letter M

Maximum Liability (ML)
Minimum premium

Letter N

No claims bonus

Letter O

Orders to be delivered
Outstanding amount

Letter P

Payment history
Policy
Political risk
Prelitigation
Private Buyer
Protracted Default Period
Protracted Default Period
Public Buyer

Letter R

Receivable
Risk underwriting

Letter S

Subrogation

Letter T

Temporary amount

Letter U

Unnamed buyer or BC (Blind Cover)