credit life insurance

noun

insurance guaranteeing payment of the unpaid portion of a loan if the debtor should die.

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Nearby words

credit bureau, credit card, credit crunch, credit default swap, credit hour, credit life insurance, credit line, credit manager, credit memorandum, credit rating, credit risk

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019