Political risk (Country risk)

  1. The risk that a government buyer or country prevents the fulfillment of a transaction or fails to meet payment obligations in time;
  2. a risk that is beyond the scope of an individual buyer or falls outside the individual buyer’s responsibility;
  3. the risk that a country prevents the performance of a transaction;
  4. the risk that a country remains in default to transfer to the country of the insured the moneys paid by buyers domiciled in that country.