While the statue of limitations for a personal injury case is two years, the time limit is different for different causes of actions. Because the Statute of Limitations is so critical, most law offices will have two methods of checking to see that the statute of limitations is protected in any case.
DEFINITION of 'Credit Risk'. The risk of loss of principal or loss of a financial reward stemming from a borrower's failure to repay a loan or otherwise meet a contractual obligation.Credit risk arises whenever a borrower is expecting to use future cash flows to pay a current debt.Investors are compensated for assuming credit risk by way of interest payments from the borrower or issuer of a debt obligation.redit risk arises whenever a borrower is expecting to use future cash flows to pay a current debt. Investors are compensated for assuming credit risk by way of interest payments from the borrower or issuer of a debt obligation.
Economic risk describes the vulnerability of a bond to downturns in the economy. Virtually all types of high-yield bonds are vulnerable to economic risk. In recessions, high-yield bond prices typically fall more than investment-grade bonds, a reflection of their credit quality.nterest Rate Risk. Like all bonds, the price of corporates rises when interest rates fall, and fall when interest rates rise. Generally speaking, the longer a bondâs maturity, the greater the degree of price volatility.