Default

Category: Credit Risk

What is Default?

Failure to meet the legal obligations of a loan or bond, specifically failing to make required payments.

Related terms

• Credit Risk
• PD
• Recovery Rate

More Credit Risk terms

• Collateral
• Concentration Risk
• Counterparty Credit Risk (CCR)
• Credit Risk
• Credit Value Adjustment (CVA)
• Debt Value Adjustment (DVA)

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