credit life insurance

noun

Definition of credit life insurance

: insurance on the life of a debtor under an installment purchase contract relieving the debtor's estate of further payments in event of the debtor's death

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Learn More About credit life insurance

Dictionary Entries Near credit life insurance

creditless

credit life insurance

credit limit

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Cite this Entry

“Credit life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20life%20insurance. Accessed 8 Dec. 2021.

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