Credit event: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
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1. An event defined in a credit derivative agreement evidencing a weakening of the creditworthiness of a borrower, and triggering obligations under the credit derivative contract. | 1. An event defined in a credit derivative agreement evidencing a weakening of the creditworthiness of a borrower, and triggering obligations under the credit derivative contract. | ||
2. Any event evidencing a weakening of creditworthiness. | 2. Any event evidencing a weakening of creditworthiness. For example, failing to pay interest or capital under a loan agreement, or any other event of default under a loan agreement. | ||
For example, failing to pay interest or capital under a loan agreement, or any other event of default under a loan agreement. | |||
== See also == | == See also == | ||
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* [[Creditworthiness]] | * [[Creditworthiness]] | ||
* [[Default]] | * [[Default]] | ||
Revision as of 12:33, 5 August 2013
1. An event defined in a credit derivative agreement evidencing a weakening of the creditworthiness of a borrower, and triggering obligations under the credit derivative contract.
2. Any event evidencing a weakening of creditworthiness. For example, failing to pay interest or capital under a loan agreement, or any other event of default under a loan agreement.
