Explain the nature of the potential lending losses associated with each of the following: default risk, liquidity

Question:

Explain the nature of the potential lending losses associated with each of the following: default risk, liquidity risk, risk.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...