Credit default
= Credit default
{title2=$\tau$}
= Default
{synonym}
Failure to meet a financial obligation, modeled by a random <default time>. A <zero-recovery default model> sets the affected asset value to zero after this time.
= Credit default
{title2=$\tau$}
= Default
{synonym}
Failure to meet a financial obligation, modeled by a random <default time>. A <zero-recovery default model> sets the affected asset value to zero after this time.