The probability that a borrower (an individual or institution) fails to make full and timely payments of a loan's principal...

Default probability of an underlying deliverable obligation is the chance that it would fail to fulfill during the life of...

Default probability of an underlying deliverable obligation is the chance that it would fail to fulfill during the life of...

A measure of the responsiveness (of equity value or bond loss- i.e., equity tranche or bond tranche in a portfolio)...

The default sensitivity of a tranche (to the default of a single name/ credit). It is a measure of the...

A measure of the responsiveness (of equity value or bond loss- i.e., equity tranche or bond tranche in a portfolio)...