Credit event: Difference between revisions
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imported>Doug Williamson m (Spacing) |
imported>Doug Williamson m (Spacing) |
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#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. | |||
#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. | |||
== See also == | == See also == |
Revision as of 12:34, 5 August 2013
- 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.
- 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.