A credit risk analyst is evaluating factors that quantify credit risk exposures.

The probability of default (PD) refers to the likelihood that a borrower will fail to meet its debt obligations over a specific time horizon. This is a core component in quantifying credit risk exposures.

Duration of default is not a commonly used term in credit risk analysis.

Exposure at default (EAD) measures the total value at risk in the event of default but does not directly refer to the likelihood of default.

Loss given default (LGD) measures the portion of the exposure that is lost when a borrower defaults but does not indicate the likelihood of default.