Main Page | See live article | Alphabetical index The risk of loss due to a counterpary defaulting on a contract, or more generally the risk of loss due to some "credit event". Traditionally this applied to bonds where debt holders were concerned that the counterparty to whom they've made a loan might default on a payment (coupon or principal). For that reason, credit risk is sometimes also called default risk. This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.