TTMEM - Japanese to English glossary of credit insurance terms

Japanese to English glossary of credit insurance terms

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買主が契約上の（支払）債務を履行しないこと。これは、保険契約上担保される破産や民事再生（または、買主によるその他の支払不能）などの信用保険者にとっての損害となりうるものである。	Failure of the buyer to meet his contractual (payment) obligations. A default is an event that can lead to a loss for the credit insurer, such as bankruptcy, Chapter 11 or any other failure to pay of the buyer which is covered under the insured's policy.
買主が決済期日や延長された決済期日を起算日とする予め定められた期間内に契約上の債務を履行しないこと	Failure by a buyer to pay the contractual debt within a pre-defined period calculated from the due date of the debt.

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