Non-Payment

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1 Types

August 31, 2024 5 min read Definitions

Dishonour: Financial Obligations and Consequences

Finance Banking Cheques Bills of Exchange Non-Payment Non-Acceptance Financial Obligations

Dishonour refers to the failure to pay or accept a financial obligation such as a cheque or bill of exchange. Learn about the types, key events, explanations, and consequences.

August 25, 2024 4 min read Definitions

Credit Risk: Financial and Moral Risk of Non-payment

Finance Banking Credit Risk Financial Risk Moral Hazard Non-Payment Loss

Credit Risk encompasses both financial and moral risks associated with the possibility that an obligation will not be paid, potentially resulting in a loss.