credit protection Definition in the Cambridge English Dictionary
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Definition of “credit protection” - English Dictionary

Definition of "credit protection" - Business English Dictionary

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credit protectionnoun [U]

uk   us  
FINANCE, BANKING, INSURANCE an ​arrangement in which a creditcardcompanyallows you to ​stop making ​payments and does not ​chargeinterest if you ​lose your ​job or become unable to ​work because of illness or ​injury: We received a ​statementnoting an ​outstandingbalance of £65.40 for ​creditprotection, which the ​bank said I had taken out with the ​originalcreditagreement.
(Definition of credit protection from the Cambridge Business English Dictionary © Cambridge University Press)
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