The possibility of non-repayment of debt by a borrower that results in a financial loss to the creditor. The risk assumed by any lender that a borrower is unable to make the required principal and interest payments for which they are obligated through a loan agreement or in accordance with payment terms. Employees, insurance beneficiaries, vendors also assume credit risk if the expectation of payment is not met due to the payor's inability to meet its obligations.
Browse by Subjects
Cash Forward Contract
See All Related Terms »
foreign exchange reserves
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):