Examlex
In response to the Great Recession of 2007-2009, when did the Federal Reserve first cut the federal funds rate to zero?
Credit Risk
The risk of loss arising from a borrower's inability to repay a loan or meet contractual obligations.
Payment Default
The failure to meet the legal obligations of a loan, such as not making the agreed-upon monthly payments.
Loan Principal
The initial size of the loan or the amount of money borrowed that is still owed, not including interest.
Low-credit-risk Company
A company deemed to have a minimal risk of defaulting on its debt obligations, often due to strong financial health and stability.
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