Glossary

Glossary of the Credit Management

Credit Management and account receivable management glossary

Contract notification

Definition :

Document used by the policyholder to inform the insurer that the contract has come into effect, i.e. :

  • when a deposit is made on placement of the order : when the contract is signed on receipt of down payment
  • no down payment : on signing of the contract
  • with documentary credit : on signing of the contract and opening and acceptance of the seller of the documentary credit

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