Definition of credit event in English:

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credit event

noun

Finance
A default, bankruptcy, or other situation which is recognized as affecting the creditworthiness of a country or organization and which may trigger insurance payments as defined in a credit default swap: investors should keep in mind that this is a relatively small credit event relative to some of those we’ve seen in the banking sector before
More example sentences
  • To the extent that there are unexpected levels of downgrades, we may not need to see any loss for there to be some sort of credit event.
  • Returns on the bonds will also diminish if any of the 100 firms suffer a credit event - defined by StanChart as bankruptcy, failure to pay debts or a serious restructuring - during the 10-year period.
  • The implosion of the TMT sector in 2000 and that sector's continued weakness raise the concern that further equity price corrections could cascade across markets and thereby trigger liquidity and/or credit events.

For editors and proofreaders

Syllabification: cred·it e·vent

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