A female creditor.


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.
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.
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.