Credit event: Difference between revisions
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#An event defined in a credit derivative agreement evidencing a weakening of the creditworthiness of a borrower | #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. | #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. | ||
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.
