Political risk (Country risk)
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- July 9, 2014
- by Aman Union
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- The risk that a government buyer or country prevents the fulfillment of a transaction or fails to meet payment obligations in time;
- a risk that is beyond the scope of an individual buyer or falls outside the individual buyer’s responsibility;
- the risk that a country prevents the performance of a transaction;
- 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.
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