Credit and default risk meaning

What is credit default and credit risk?
Default risk, also called default probability, is the probability that a borrower fails to make full and timely payments of principal and interest, according to the terms of the debt security involved.
Together with loss severity, default risk is one of the two components of credit risk..
What is credit risk and default risk?
Credit risk is a lender's potential for financial loss to a creditor, or the risk that the creditor will default on a loan.
Lenders consider several factors when assessing a borrower's risk, including their income, debt, and repayment history..
What is the meaning of credit or default risk?
What Is Default Risk? Default risk is the risk a lender takes that a borrower will not make the required payments on a debt obligation, such as a loan, a bond, or a credit card.
Lenders and investors are exposed to default risk in virtually all forms of credit offerings..

What is credit default and credit risk?