Akademik
default risk
The risk arising from the chance that debtors will not make promised payments either on time or in full.
Also called
credit risk
.
American Banker Glossary
————
The
risk
that an
issuer
of a
bond
may be unable to make timely
principal
and
interest
payments. Also referred to as
credit risk
(as gauged by commercial rating companies).
Bloomberg Financial Dictionary
Financial and business terms
.
2012
.