credit insurance

Definition of "credit insurance"
  1. A type of insurance that covers loan repayment in the event of a borrower's death or disability
How to use "credit insurance" in a sentence
  1. The bank required me to have credit insurance before sanctioning my car loan.
  2. Credit insurance can give you peace of mind, knowing your debt won't be a burden if something tragic happens.
  3. Many companies offer credit insurance as part of their loan packages.
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