What is 'Credit Risk'. Credit risk refers to the risk that a borrower may not repay a loan and that the lender may lose the principal of the loan or the interest associated with it.
A conference committee is a committee of the Congress appointed by the House of Representatives and Senate to resolve disagreements on a particular bill. The conference committee is usually composed of senior Members of the standing committees of each House that originally considered the legislation.
As stated above, a conference committeeâs work is toprepare a version of the bill that is acceptable to both houses. However, the avenuesto reach compromise may be bound by the scope of a conference committee. Scoperefers to the portions of a bill open to review by conferees. There are three mainstrategies for setting the scope of a conference committee (see table 96-4.20).â¢ First, it can be limitedâthat is, a conference committee may consider onlythose sections of a bill where differences between the two houses occur.