Waiting Period (Claim Filing Waiting Period)
The period, usually starting from the due date of payment or intervention order, after the expiry of which a claim may be submitted and the loss is assessed.
Whole Turnover Policy
A Credit Insurance policy that covers the insured’s total credit sales (as opposed to Key buyer cover and Single risk cover).
An order presented to a court seeking that a company be put into compulsory liquidation.
Work In Progress (Pre-Despatch)
Labour and raw material costs incurred in manufacturing the goods (including specific materials stored ready for the manufacturing process). Both finished and unfinished goods can apply.