default risk
Definition
Exposure to loss due to non-payment by a borrower of a financial obligation when it becomes payable. Default risk is related to the credit worthiness of the borrower and is taken into account when setting interest rate on the requested loan.
default risk is in the Agreements & Contracts, Banking, Commerce & Finance, Disaster Planning & Risk Management and Statistics, Mathematics, & Analysis subjects.
default risk appears in the definitions of the following terms: securitization, risk and government income fund
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