Foreign Credit Insurance Association (FCIA) Management Company, Inc. provides credit insurance that protects both international and domestic sales. Policies can protect against commercial risks as well as specific political risks. protect against commercial risks as well as specific political risks. protect against commercial risks as well as specific political risks.

Insurance against losses due to inability or failure of the insured's customers to pay for goods sold by the insured. Business Credit insurance covers a company's accounts receivable, which typically represents more than 40% of a company's assets. Business Credit insurance covers a company's accounts receivable, which typically represents more than 40% of a company's assets.

Export Credit primarily relates from sales at a home based country to another country.

In a draft collection transaction, the formal legal process of registering that payment or acceptance of the draft has been demanded but the drawee has refused to pay or accept the draft.

When a drawee acknowledges in writing on the face of the draft that the buyer will pay the draft at maturity. (See also Draft, Drawee.)

A negotiable instrument that calls for payment of money. The drawer (or seller) orders in writing for the drawee (or buyer) to pay a specific amount of money to the drawer on a certain date. Also called a bill of exchange. negotiable instrument that calls for payment of money. The drawer (or seller) orders in writing for the drawee (or buyer) to pay a specific amount of money to the drawer on a certain date. Also called a bill of exchange.

The person, company, or bank upon which a draft is drawn.

In a draft collection transaction, the formal legal process of registering that payment or acceptance of the draft has been demanded but the drawee has refused to pay or accept the draft.

A claim against a customer for services rendered or goods sold on credit.

Arises from a sale of goods by a manufacturer, distribution or service company to another company when payment is made at a later date.

(See Draft.)

The person, company, or bank that creates the draft and receives payment.

A right to the payment of money such as agency notes, commercial paper, T-Bills, certificates of deposit (CD's), banker's acceptances and repurchase agreements.

A medium of exchange; coined or stamped currency.

Quality belonging to a document to transfer ownership of money, goods, or other items of value specified in the document by endorsement and/or delivery of the document.

Conditions in which the decision maker has to estimate the likelihood of certain outcomes.

A company, usually a corporation, that is controlled by a parent company.

The person, company, or bank that creates the draft and receives payment.

A medium of exchange; coined or stamped currency.

A right to payment or other equitable remedy in the event of a breach of contract.

The unsecured promissory notes of large, financially sound corporations.

Writing one's name upon paper for the purpose of transferring the title.