Probability of Default and Several liability: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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(PD).
The situation where parties act collectively and each party’s liability is limited to a proportionate share of the whole amount.
 
Probability of Default means an assessment of the probability that the counterparty to a loan will default within a specified timeframe, usually one year.




== See also ==
== See also ==
* [[Joint and several liability]]
* [[Joint liability]]
* [[Liabilities]]
* [[Several]]


* [[Credit rating]]
[[Category:Compliance_and_audit]]
* [[Default]]
[[Category:Treasury_operations_infrastructure]]
* [[Exposure At Default]]
* [[IRB]]
* [[Loss Given Default]]

Latest revision as of 08:28, 31 August 2016

The situation where parties act collectively and each party’s liability is limited to a proportionate share of the whole amount.


See also