The Law Dictionary

CREDIT INSURANCE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A borrower may be required to purchase insurance to cover a loan in the event the borrower defaults, such as if the borrower dies or becomes disabled prior to payment of the loan. Federal and state consumer protection laws require disclosure of such terms as this included cost changes the nature and cost of the loan for the borrower. … [Read more...]

CREANCE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In French law. A claim; a debt; also belief, credit, faith. … [Read more...]

CREDIT RATING

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A rating assigned by credit reporting bureaus based upon a creditor's history that reflects how likely they are to make timely loan payments. A risk assessment rating. … [Read more...]

CREANCER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

One who trusts or gives credit; a creditor. Britt. cc. 28, 78. … [Read more...]

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