Rejection

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Rejection

Refusal by a bank to grant credit, usually because of the applicants financial history, or refusal to accept a security presented to complete a trade, usually because of a lack of proper endorsements or violation of rules of a firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Rejection

1. A bank's refusal to grant a line of credit. This often applies to the refusal to grant a mortgage loan to an uncreditworthy person or a business loan to someone without a proper business plan.

2. An investor's refusal to accept a security presented to him/her/it. Reasons for this include suspicion of fraud or improperly filled-out forms.

3. Refusal to provide insurance coverage because the insurance company believes that the claim describes a service or situation that the policy does not cover.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

rejection

The refusal to accept a security that has been delivered by a customer or broker. A questionable certificate or an improper endorsement are reasons for rejection.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
According to the HMDA reports filed for 1990, credit history was the single most common reason for credit denial. However, the HMDA data do not contain any 'information regarding applicants' credit histories or a wide range of other factors that lenders consider in evaluating loan applications, such as debt-to-income ratio or job experience and tenure.
Thus, anecdotal evidence of credit denials is hardly evidence of a credit crunch.

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