What Does Credit Mean?

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What does Credit mean? Read on to discover the definition & meaning of the term Credit - to help you better understand the language used in insurance policies.

Credit

Credit

Individual or group policies that provide benefits to a debtor for full or partial repayment of debt associated with a specific loan or other credit transaction upon disability or involuntary unemployment of debtor, except in connection with first mortgage loans.

We hope the you have a better understanding of the meaning of Credit.

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