Glossary

Glossary of the Credit Management

Credit Management and account receivable management glossary

Loss account

Definition : In credit insurance, compensation following loss is determined using a loss account which includes :

  • in the debit column: the expenditure incurred by the policyholder in the event of manufacturing loss; or, in the event of credit loss, the receivables guaranteed by the contract
  • in the credit column : money collected by the policyholder through this contract

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