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Meaning of credit event

Source language: EnglishDictionary language: English

credit event

noun

Definitions

  1. A significant default on a financial instrument or some other financial occurrence, such as bankruptcy, restructuring, repudiation, or moratorium, or failure to pay some other obligation, such as taxes.

Sources:https://en.wiktionary.org/wiki/credit%20event

Related words

credit riskcreditcredit historycredit default optioncredit reportcredit facilitycredit referencecredit money