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credit rating |
Also found in: Medical, Wikipedia, Hutchinson | 0.06 sec. |
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Credit Rating An assessment of the credit worthiness of individuals and corporations. It is based upon the history of borrowing and repayment, as well as the availability of assets and extent of liabilities. Notes: Credit is important since individuals and corporations with poor credit will have difficulty finding financing, and will most likely have to pay more due to the risk of default. See also: Bond Rating, Credit Enhancement, Credit Risk, Default Risk, Impaired Credit, Insurance Score, Rating Credit rating An evaluation of an individual's or company's ability to repay obligations or its likelihood of not defaulting See: Creditworthiness.
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