Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “credit protection”

credit protection

noun [U]    
FINANCE, BANKING, INSURANCE an arrangement in which a credit card company allows you to stop making payments and does not charge interest if you lose your job or become unable to work because of illness or injury: We received a statement noting an outstanding balance of £65.40 for credit protection, which the bank said I had taken out with the original credit agreement.
(Definition of credit protection noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of credit protection

Word of the Day

limber up

to do gentle exercises to stretch the muscles in order to prepare the body for more active physical exercise

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More