loss given default
as defined in CRR, Article 4(1), point (55) (Definitions)
the ratio of the loss on an exposure due to the default of a counterparty to the amount outstanding at default
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Also defined in
- Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and… 32006L0048, Article 4, point (27)
the ratio of the loss on an exposure due to the default of a counterparty to the amount outstanding at default;