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Meaning of credit event | Babel Free

Noun CEFR B2

Definitions

A significant default on a financial instrument or some other financial occurrence, such as bankruptcy, restructuring, repudiation, or moratorium, or failure to pay some other obligation, such as taxes.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

credit facility credit history credit hour credit institution credit life insurance credit limit

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