exposure at default
(EAD)
Noun
The amount of financial risk that a creditor (bank, leasing company) is exposed to at the moment the debtor goes into default equal to the unamortized balance of a financial exposure (loan, lease) at default.
The amount of financial risk that a creditor (bank, leasing company) is exposed to at the moment the debtor goes into default equal to the unamortized balance of a financial exposure (loan, lease) at default.
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