CREDITS

This term is given to the money or obligations that are due.

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CREDIT PORTFOLIO MODEL

A general model that estimates credit losses arising from deterioration and DEFAULT in creditrisky PORTFOLIOS. Since the model examines portfolio losses, the analytics rely on default CORRELATION estimates between COUNTERPARTIES in the portfolio. A credit portfolio model can be used as a RISK MANAGEMENT, business management, portfolio optimization, and CAPITAL ALLOCATION tool.

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CREEK

In maritime law. Such little inlets of the sea, whether within the precinct or extent of a port or without, as are narrow passages, and have shore on either side of them. Call. Sew. 50. A small stream less than a river. Baker v. City, of Boston, 12 Pick. 184, 22 Am. Dec. 421. The term imports a recess, cove, bay, or inlet in the shore of a river, and not a separate or independent stream; though it is sometimes used in the latter meaning. Schermerhorn v. Railroad Co., 38 N. Y. 103.

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CREDIT RATING

a rating given to a person that concerns the reliability of a person of paying their debts. They are based on present and past history.

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CREEPING TENDER

A CORPORATE FINANCE transaction where an investor group or acquiring company gradually purchases the COMMON STOCK of a target company. Once a specified block has been accumulated a formal TENDER OFFER is made for the balance of the company

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CREDIT RESERVE

A contra account that is used to fund EXPECTED CREDIT LOSSES. Reserves are established by deducting required amounts from operating revenues or current income, and are used when a COUNTERPARTY ceases to perform on a contractual obligation, such as a LOAN, BOND, payable, or DERIVATIVE. See also LOAN LOSS RESERVE.

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CREMENTUM COMITATUS

The increase of a county. The sheriffs of counties anciently answered In their accounts for the Improvement of the king’s rents, above the visconticl rents, under this title.

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CREDIT RISK

The RISK of loss arising from a COUNTERPARTY

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CREPARE OCULUM

In Saxon law. To put out an eye; which had a pecuniary punishment of fifty shillings annexed to it

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