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Credit insurance

   Also found in: Wikipedia 0.06 sec.
Credit insurance
Insurance against abnormal losses due to unpaid accounts receivable.


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Credit insurance has been hard to sell in recent years, and insurers see little prospect for future growth.
When your export business requires you to extend credit overseas, you can protect your company's foreign receivables against nonpayment losses with an export credit insurance policy.
TC Memo 1997-499, that commissions paid by automobile dealerships to employees for selling credit insurance were currently deductible under Sec.
 
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