credit risk
**credit risk**
What is credit risk?
Credit risk refers to the potential loss a lender faces when a borrower fails to repay a loan or meet contractual obligations. It is a major concern for financial institutions like banks, credit unions, and investment firms. Credit risk is commonly assessed using credit scores, financial statements analysis, and economic forecasts to determine the likelihood of default. Managing credit risk involves setting interest rates to compensate for the risk, establishing credit limits, and diversifying loan portfolios.
Which job functions commonly mention credit risk?
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