Refinancing risk
Fundamental analysisThe risk that maturing debt cannot be replaced on acceptable terms.
In plain terms
Most corporate debt is refinanced, not repaid. A profitable company can still fail if lenders retreat on the wrong date.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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