legal risk

legal risk
The risk to earnings or capital arising from unenforceable contracts, lawsuits, adverse judgments, or nonconformance with laws, rules, and regulations. One of six risks defined by the Federal Reserve. The Office of the Comptroller of the Currency ( OCC) uses a slightly narrower definition for what it calls compliance risk. American Banker Glossary
The risk associated with the impact of a defect in the documentation on cash flow or debt service. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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