Credit insurance and debt collection glossary | Coface

Letter A

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

Letter B

Beneficiary/Beneficiary of indemnity rights transfer: See the definition
Breach (condition of): See the definition
Buyer: See the definition

Letter C

Letter D

Letter E

Extension of due date: See the definition

Letter F

First sale clause: See the definition
Fixed-sum individual excess: See the definition

Letter G

Globality (principle of): See the definition

Letter I

Indemnifiable loss: See the definition
Indemnification: See the definition
Insolvency: See the definition
Insurable turnover: See the definition
International trade: See the definition
Intervention request: See the definition

Letter L

Lawful extension: See the definition
Litigation mandate: See the definition

Letter M

Minimum premium: See the definition
ML (Maximum Liability): See the definition

Letter N

Natural disaster risk: See the definition
No claims bonus: See the definition
Non-transfer risk: See the definition

Letter O

Orders to be delivered: See the definition
Ordinary individual excess: See the definition
Outstanding amount: See the definition

Letter P

Percentage of cover: See the definition
Policy: See the definition
Political risk: See the definition
Prelitigation: See the definition
Private Buyer: See the definition
Public Buyer: See the definition

Letter R

Receivable: See the definition
Risk underwriting: See the definition

Letter S

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

Letter T

Temporary amount: See the definition
Transfer of right to indemnities: See the definition

Letter U

Unnamed buyer or BC (Blind Cover): See the definition