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Zahlungsausfall

payment default; non-payment

noun TSAH-lungs-owss-fahl Rare
People & Society Money

Usage Note

Zahlungsausfall occurs when a debtor fails to make a required payment on time. In credit risk, Zahlungsausfallwahrscheinlichkeit (probability of default, PD) is a key metric. Relevant for bondholders, landlords, and banks alike.

Examples

"Das Kreditinstitut sicherte sich gegen Zahlungsausfälle mit einer Bürgschaft ab."

Natural Translation

The credit institution protected itself against payment defaults with a guarantee.

Literal Translation

The credit-institution secured itself against payment-defaults with a guarantee.

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