the number of deaths in a defined period (usually a calendar year) per 1,000 people.
Explanation:
The constant default rate (CDR) is calculated as follows: Take the number of new defaults during a period and divide by the non-defaulted pool balance at the start of that period. Take 1 less the result from no. ... 2 to the power based on the number of periods in the year.
<h2><em>The world as we have created it is a process of our thinking</em></h2>
