Forfeited means the Insured’s financial Loss of any whole or prorated prepaid
Returned Goods means all right, title and interest in and to returned, repossessed or foreclosed goods and/or merchandise the sale of which gave rise to a Receivable; provided that such goods shall no longer constitute Returned Goods after a Deemed Collection has been deposited in a Collection Account with respect to the full Outstanding Balance of the related Receivables.
Defective Goods means Goods of an inferior quality or which are otherwise inconsistent with this Contract.
Finished Goods means units of a manufactured product awaiting sale.
White Goods means refrigerators, stoves and ranges, water heaters, clothes washers and dryers, freezers, swing sets, bicycles (without tires) scrap metal, copper, and other similar domestic and commercial large appliances.