Recurring Billing: Billing that takes place at specific intervals. Usually a card holder allows the merchant to charge his or her account periodically, for some recurring transactions. Line of Credit: Line of credit, or credit line, can be termed as a type of credit, which is provided to a client for a specified time period, by banks or vendors.
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Uninsured Motorist Coverage Eligibility period. A specified length of time, frequently 31 days, following the eligibility date during which an individual member of a particular group is eligible to apply for insurance under a group life or health insurance policy without a medical exam.
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Adverse Carrier Phishing: A term used for signifying internet fraud, where personal details like user name, password, and other information related to credit card or bank accounts are acquired by creating fake web pages or e-mails that closely resemble those of the banks' websites. Read on phishing.
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Action of transferring accounts deemed uncollectible to a category such as bad debt or loss. Collectors will usually continue to solicit payments, but the accounts are no longer considered part of a company’s receivable or profit picture. Medical Payments Coverage
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Past Due: Payments not made on due date. Nonparticipating policies. Life insurance policies that do not pay dividends.