a classification of credit risk based on investigation of a customer’s or potential customer’s financial resources, prior payment pattern, and personal history or degree of personal responsibility for debts incurred.
an evaluation of the creditworthiness of an individual or business enterprise
An evaluation of the financial trustworthiness of an individual, firm, or government.
noun 1. the possibility of loss if a borrower defaults on a loan. 2. a borrower regarded as likely to default on a loan.
[kred-it] /ˈkrɛd ɪt/ noun 1. commendation or honor given for some action, quality, etc.: Give credit where it is due. 2. a source of pride or honor: You are a credit to your school. 3. the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.: She got a screen […]
noun 1. . 2. .
noun 1. a restraint or limitation of credit. noun 1. the control of credit facilities as an instrument of economic policy, associated with restrictions on bank loans and overdrafts, raised interest rates, etc