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English definition of “credit risk”

credit risk

noun    
[C or U] a calculation of how likely it is that a person or company will not be able to pay back money they have borrowed from a bank or other organization : The system assesses the credit risk of new borrowers. corporate bonds with little credit risk / efforts to reduce credit risk Borrowing, lending and debt [C] If a person or an organization is a credit risk , it is likely that they may not be able to pay back money that they have borrowed from a bank or other organization : Even if you are considered a bad credit risk , there are still a few options available to you for borrowing money . Borrowing, lending and debt
(Definition of credit risk noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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