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Principal Market
The main market with the most trading activity.
Pro Forma Financial Information
Adjusted figures showing a transaction as if it had already happened.
Probability of Default (PD)
The estimated chance of default.
Probability-Weighted Expected Return Method (PWERM)
Combines several possible outcomes using probability weights.
Professional Judgement
A well-supported expert decision where no single answer is automatic.
Provision
A recorded liability with uncertain amount or timing.
