Creditworthiness

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Creditworthiness

Eligibility of an individual or firm to borrow money.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Creditworthiness

The ability to borrow money. The better one's creditworthiness, the more likely it is that a bank or other financial institution will extend credit. One establishes creditworthiness by repaying loans and other bills on time, spending prudently, and generally showing that one can behave in a financially responsible way. Individual creditworthiness is measured by the FICO score while a company's or other organization's creditworthiness usually is measured by its credit rating.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

creditworthiness

see CREDIT CONTROL.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
"It's one of the most prestigious, best credit worthy tenants in the country," bragged Ross.
At the end of the day, the sale leaseback investor must be able to go out to at least one MAI appraiser to justify the sale price for the purposes of financing the property, although such appraisals do take into account the financial value of the lease from a credit worthy lessee as a significant contributor to value.
In order to do so, however, the tenant must be credit worthy, but in my experience, in the majority of "takeovers" tenants receive free rent in lieu of the prospective new building owner taking over the obligation.
"It's really impacted the construction and home building industry and we're hopeful of getting the banks back in the business of making loans to credit worthy individuals," he said.
There is also good interest in new long term leases from several of the credit worthy chains expanding into the northeast.
Tai explained, "They seek strong sponsorship from credit worthy entities that are more institutional than start-up/ entrepreneurial, institutions that will clearly survive the shake-out."
That obligation is to ensure Prudential that the purchasers will be credit worthy and not burdened by the upkeep for two apartments.