Credit insurance and business information glossary

Letter A

Absolute sale
Acceleration of payment
Aged debtors report
Annual total excess
Arranged approval threshold
Assignment of receivable

Letter B

Beneficiary/Beneficiary of indemnity rights transfer
Breach (condition of)
Buyer

Letter C

Cash against documents
Cause of loss
Claim
Claim waiting period
Collection
Collection agency
Commercial risk
Consignment
Consultation threshold
Contract of sale
Credit Agreement or Line
Credit Insurance
Credit period
Customer credit facility

Letter D

DCL (Discretionary Credit Limit)
De facto insolvency
De jure insolvency
Debtor
Declaration of potential loss
Default (outright)
Deglobalisation
Delivery
Dispute
DSO (Days Sales Outstanding)
Due date

Letter E

Extension of due date

Letter F

First sale clause
Fixed-sum individual excess

Letter G

Globality (principle of)

Letter I

Indemnifiable loss
Indemnification
Insolvency
Insurable turnover
International trade
Intervention request

Letter L

Lawful extension
Litigation mandate

Letter M

Minimum premium
ML (Maximum Liability)

Letter N

Natural disaster risk
No claims bonus
Non-transfer risk

Letter O

Orders to be delivered
Ordinary individual excess
Outstanding amount

Letter P

Percentage of cover
Policy
Political risk
Prelitigation
Private Buyer
Protocol
Public Buyer

Letter R

Receivable
Risk underwriting

Letter S

Sale intermediary (intermediary in the commercial relationship)
Security
Statement of loss
Subrogation

Letter T

Temporary amount
Transfer of right to indemnities

Letter U

Unnamed buyer or BC (Blind Cover)