Bond that is not secured by any type of asset but only backed by the general credit of the issuing corporation.
Tag: USA
Debit
MEDICAL,USA: 1. In accounting, this is an increase in assets or a reduction in liabilities or capital. It is the opposite of credit and an accounting entry is posted on the left side of the financial ledger. 2. In insurance, debits represent underwriting factors that have an unfavorable effect on an individual’s mortality rating. This term is used in a numerical rating system.
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Collection of premiums of industrial type Insurance. A group of industrial policies assigned to an Agent for collection and servicing.
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The amount of premiums outstanding and business to be collected by debit or home service agents. This can also refer to the area these customers live in.
Debt collection
Act of an individual who regularly engages in collecting money owed or any persons who sell or offer to sell forms for collection of money owed.
Debt collector
Individual who regularly engages in debt collection for themselves, an employer, or others and includes persons who sell or offer to sell forms represented to be a collection system.
Debtor-creditor groups
Group composed of lending institutions such as banks, credit unions, savings and loan associations, finance companies, retail merchants, and credit card companies and their debtors.
Debug
To remove errors from a software program or the computer itself.