拖延违约 Protracted Default

关键定义 KEY DEFINITION

Protracted Default（长期拖欠）是 Trade Credit Insurance 中 Buyer 超过 policy-defined period（如 6 个月）未支付 covered invoice 而 trigger claim 的状态，与 immediate insolvency 不同——需 document collection efforts。Waiting period 和 exclusion 因 policy 而异。