Trigger event: Difference between revisions
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imported>Doug Williamson (Created page with "1. An event defined in borrowings documentation, usually with severe adverse consequences for the borrower. For example, a deterioration in the borrower's credit rating, entit...") |
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Revision as of 11:21, 30 May 2015
1. An event defined in borrowings documentation, usually with severe adverse consequences for the borrower. For example, a deterioration in the borrower's credit rating, entitling the lender to demand immediate repayment of the loan.
2. Similar events defined in derivatives documentation, for example, credit default swaps.
