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.

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APABarry Goldsmith. (2010). credit insurance. Retrieved October 1, 2026, from http://smartdefine.org/credit_insurance/definitions/1151089
ChicagoBarry Goldsmith. 2010. "credit insurance" http://smartdefine.org/credit_insurance/definitions/1151089 (accessed October 1, 2026).
HarvardBarry Goldsmith 2010, credit insurance, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/credit_insurance/definitions/1151089>.
MLABarry Goldsmith. "credit insurance" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/credit_insurance/definitions/1151089>