Credit Risk Related Acronyms
- ACPM Active credit portfolio management
- EAD Exposure at default
- EL Expected loss
- ERM Enterprise risk management
- LGD Loss given default
- PD Probability of default
- KMV quantitative credit analysis solution acquired by credit rating agency Moody's
- PAR Portfolio at Risk
- EL = PD * EAD * LGD Expected Loss formula
- PFE Potential future exposure
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Famous quotes containing the words credit, risk and/or related:
“Gratitude among friends is like credit among tradesmen: it keeps business up, and maintains commerce. And we pay not because it is just to discharge our debts, but that we might the more easily find lenders on another occasion.”
—François, Duc De La Rochefoucauld (1613–1680)
“It’s a funny thing, the less people have to live for, the less nerve they have to risk losing—nothing.”
—Zora Neale Hurston (1891–1960)
“A parent who from his own childhood experience is convinced of the value of fairy tales will have no difficulty in answering his child’s questions; but an adult who thinks these tales are only a bunch of lies had better not try telling them; he won’t be able to related them in a way which would enrich the child’s life.”
—Bruno Bettelheim (20th century)