GLOSSARY

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Aggregate First Loss
This is the total predicted amount of debt that your company is due to cover before the credit insurance indemnification takes effect i.e. the estimated initial loss that you must absorb.

Arbitration
Third party process for resolving disputes without legal intervention.

Asset
Two types : Current assets which are cash, stocks etc and fixed assets which are property, land etc.

Assignment of Debt
Transfer of debt to a third party.

Credit Insurance
Factoring
Collection
Commercial Information

 
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