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Investing Glossary:
Event risk
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| The Risk that the ability of an Issuer to make Interest and Principal payments will change because of rare, discontinuous, and very large, unanticipated changes in the Market environment such as (1) a Natural or industrial accident or some regulatory change or (2) a takeover, or corporate restructuring.
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