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Credit Insurance Meaning In Bengali
Credit Insurance শব্দের বাংলা অর্থ কি: ক্রেডিট বীমা
Credit Insurance
ঋণবিমা
Definition
1) Insurance that covers a borrower's unpaid debts in the event of death, disability, or unemployment.
2) Protection for lenders against defaults on loans.
3) A type of insurance that minimizes risks for businesses extending credit to customers.
Examples
Credit Insurance Example in a sentence
1) Credit insurance can protect a business against the risk of non-payment from customers.
2) Sarah purchased credit insurance to safeguard her loan repayments in case of unforeseen circumstances.
3) The bank required Paul to have credit insurance when applying for a business loan.
4) With credit insurance, the lender is assured they will still receive payment even if the borrower defaults.
5) Many companies choose to include credit insurance as part of their risk management strategy.
6) Rick's credit insurance covered his mortgage payments when he lost his job.
7) The credit insurance policy helped the company recover losses caused by customers declaring bankruptcy.
8) John regretted not getting credit insurance when he struggled to make repayments after a sudden illness.
9) Erica's credit insurance proved invaluable when her business experienced a significant financial setback.
10) Before approving the car loan, the bank asked Michael to add credit insurance to protect the loan in case of default.
Synonyms
Credit Insurance - (SYNONYM) ঋণবিমা
Encyclopedia
Insurance that covers a borrower's unpaid debts in the event of death, disability, or unemployment.
Protection for lenders against defaults on loans.
A type of insurance that minimizes risks for businesses extending credit to customers.
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