What is the definition of Group credit insurance? | Dictionary.net

GROUP CREDIT INSURANCE

\ɡɹˈuːp kɹˈɛdɪt ɪnʃˈʊ͡əɹəns], \ɡɹˈuːp kɹˈɛdɪt ɪnʃˈʊ‍əɹəns], \ɡ_ɹ_ˈuː_p k_ɹ_ˈɛ_d_ɪ_t ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\

Definitions of GROUP CREDIT INSURANCE

1910 - Black's Law Dictionary (2nd edition)

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Creditors group insurance coverage. Guarantees a borrower's loans will be paid off, even if the borrower dies. Issued to reduce risk of default.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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