What is the cumulative default rate?
What will be an ideal response?
The cumulative default rate, abbreviated as CDX in order to avoid confusion with CDR, is the proportion of the total face value of loans in the pool that have gone into default as a percentage of the total face value of the pool.
Business
You might also like to view...
In the ________ stage of the retail life cycle, retail businesses become obsolete as newer ways of doing business emerge
A) decline B) overexpansion C) competition D) maturity E) growth
Business
A(n) ________ is submitted along with the registration statement to the SEC and also used as a selling tool to help prospective investors evaluate the financial risk of an investment
A) organization document B) certificate of interest C) prospectus D) operation agreement
Business