Credit insurance and debt collection glossary

Letter (

(Debt) Collection agency

Letter A

Acceleration of payment
Aggregate first loss / Annual total excess / Deductible
Assignment of receivable

Letter B

Beneficiary of indemnity rights / Loss payee
Buyer
Buyer in default

Letter C

Cash against documents
Cause of loss
Claim
Claim waiting period
Collection
Commercial risk
Consignment
Credit Insurance
Credit limit / Credit Line
Credit period
Customer credit facility

Letter D

De facto insolvency
De jure insolvency
Debtor
Debtor Ageing report
Declaration of potential loss
Deglobalisation
Delivery
Dispute
DSO (Days Sales Outstanding)
Due date

Letter E

Extension of due date

Letter F

Firm sale
Fixed-sum individual excess / Each and every loss

Letter G

Globality (principle of)

Letter I

Indemnifiable loss
Indemnification
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 / Pending orders
Ordinary individual excess / Non qualifying loss
Outstanding amount

Letter P

Percentage of cover
Policy
Political risk
Prelitigation
Private Buyer
Public Buyer

Letter R

Receivable
Recovery
Risk underwriting

Letter S

Sale intermediary (intermediary in the commercial relationship) / Sales Agent
Sales contract
Security
Statement of loss
Subrogation

Letter T

Temporary amount
Transfer of right to indemnities