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.
Pure Risk Speculative Risk; Meaning: Pure risk involves no possibility of gain; either a loss ocurrs or no loss ocurrs: Speculative Risk involves three possible outcomes: loss, gain or no change: Example: An example of pure risk is the risk of becoming disabled as a result of illness or injury. Trading in stock market may result in making either a profit or loss or neither a profit nor loss i.e. no change in the investment value. Insurance