What is the meaning of Credit insurance?

Credit insurance is a policy that pays off the card debt should the borrower lose his job, die or become disabled. The structure of protection for a revolving credit card debt is calculated each month to cover only the debt that existed at the last billing cycle.

5
 
|15 years ago|278 views|share |citing 
APABarry Goldsmith. (2010). credit insurance. Retrieved September 24, 2026, from http://smartdefine.org/credit_insurance/definitions/1151089
ChicagoBarry Goldsmith. 2010. "credit insurance" http://smartdefine.org/credit_insurance/definitions/1151089 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, credit insurance, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/credit_insurance/definitions/1151089>.
MLABarry Goldsmith. "credit insurance" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/credit_insurance/definitions/1151089>