2012Ovidius University Annals Economic Sciences SeriesOpen access

Financial Risks Insurence

Vãduva Cecilia Elena

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Abstract

The credit insurance protects the dealers and the producers from the risk of non-payment by the consumers who buy or rent goods or benefit from similar credit facilities. It appeared as a necessity coming from the fact the most of the trade contracts are concluded when the payment is made partially or totally after the delivery of the goods or the performance of the services making the contract object, so with a late payments, respectively “a credit sale”.

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The credit insurance protects the dealers and the producers from the risk of non-payment by the consumers who buy or rent goods or benefit from similar credit facilities. It appeared as a necessity coming from the fact the most of the trade contracts are concluded when the payment is made partially or totally after the delivery of the goods or the performance of the services making the contract object, so with a late payments, respectively “a credit sale”.

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Available abstract

The credit insurance protects the dealers and the producers from the risk of non-payment by the consumers who buy or rent goods or benefit from similar credit facilities. It appeared as a necessity coming from the fact the most of the trade contracts are concluded when the payment is made partially or totally after the delivery of the goods or the performance of the services making the contract object, so with a late payments, respectively “a credit sale”.

Key concepts: Payment, Business, Finance, Letter of credit, Goods and services, Commerce, Economics, Market economy

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