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

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

A measure of beta that reflects a stock's price movement during a downward trend. In this sense, it is a...

A situation in finance where a debtor/ obligor fails to fulfill its obligations under the agreement/ contract/ arrangement, etc. In...

A provision in a debt agreement/ loan (e.g., mortgage or deed of trust, obligation) that stipulates that, in case of...

An arrangement whereby each participant (for example, parties in bilateral trades, or financial market infrastructure (FMI) participants) is required to...

A loss-sharing arrangement whereby participants agree that, in the event of a participant’s inability to settle its obligations (e.g., to...

The risk of losing part or all of the principal of a financial asset. It is the risk that the...

A forward contract which obliges the holder to buy or sell a basket default swap (BDS) at a specified time…

A provision that is usually stipulated in, or attached to, a debt instrument or swap agreement, by virtue of which…