- solvency policy
- A policy of credit insurance. See credit insurance; guaranty policy.
Ballentine's law dictionary. Anderson, W.S.. 1998.
solvency policy
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guaranty policy — An insurance policy whereby the insurer undertakes to pay the insured creditor in the event of nonpayment by his debtor. See credit insurance; guaranty insurance; solvency policy … Ballentine's law dictionary
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