What is the definition of Balance protection? | Dictionary.net

BALANCE PROTECTION

\bˈaləns pɹətˈɛkʃən], \bˈaləns pɹətˈɛkʃən], \b_ˈa_l_ə_n_s p_ɹ_ə_t_ˈɛ_k_ʃ_ə_n]\

Definitions of BALANCE PROTECTION

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

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Insurance that makes minimum monthly payments for credit cards. Its done if the insured is injured or unemployed. A percentage of the balance is the premium. It is added as a fee on the balance monthly.

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

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