Practical Law Glossary Item w-017-6638 (Approx. 2 pages)
Glossary
Trade Credit Insurance
A type of insurance that provides protection against the risk of nonpayment by the buyer in an open account sale transaction. It is also known as business credit insurance and credit insurance. When the sale is a cross-border transaction, it is known as export credit insurance. Types of trade credit insurance include whole turnover insurance and excess of loss insurance.