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Term of the Day
financial institution buyer credit policy
financial institution
Financial Institutions and Prudential Policy Unit (FIPP)
Definition
An
insurance policy
purchased by a
bank
issuing a
loan
to
foreign
buyers
of
exports
. Provides
coverage
against
specific
risks
protecting the bank from
defaults
or nonpayment.
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Popular 'Insurance' Terms
escrow
annuity
OASDI
risk
comprehensive insurance
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