default probability
Default probability refers to the likelihood or chance that a borrower or debtor will not be able to fulfill their payment obligations as per the agreed terms and conditions. It quantifies the risk of default, indicating the probability of a borrower defaulting on their debt or repayment obligations.
Requires login.
Related Concepts (1)
Similar Concepts
- appeal to probability fallacy
- branching of probabilities
- conditional probability
- default risk
- philosophy of probability
- prior distributions
- probabilistic uncertainty
- probability
- probability and uncertainty
- probability models
- probability sampling
- probability theory
- quantum probability
- random assignment
- risk probability