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Credit Insurance by Miran Jus

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Chapter 2

What Is Credit Insurance and What Does It Offer?

Insurance helps creditors to have a good night’s sleep!

2.1 Definition

For suppliers selling goods and services in domestic or foreign markets on credit or deferred payment terms, credit insurance provides insurance coverage for outstanding trade receivables against the nonpayment risk of their customers or debtors and their eventual guarantors.

By concluding a credit insurance contract, exporters ...

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