Glossary Terms: CECL Credit Losses
To help you tackle the complexity of Current Expected Credit Losses (CECL), we have compiled a glossary of terms to keep you on track. For additional resources on CECL, visit our CECL Credit Losses content resource hub.
Class of Financing Receivable
A group of financing receivables determined on the basis of all of the following:
- Initial measurement attribute (for example, amortized cost or purchased credit impaired)
- Risk characteristics of the financing receivable
- An entity’s method for monitoring and assessing credit risk.