Creditworthiness


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Creditworthiness

Eligibility of an individual or firm to borrow money.

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.

creditworthiness

see CREDIT CONTROL.
References in periodicals archive ?
The FSA had banks put up greater loan-loss provisions than before for corporate borrowers whose creditworthiness classes have been reclassified into lower categories, they added.
- A lowering of Fitch's internal assessment of the creditworthiness of Hebei province, or
The question is whether it would choose to proceed with a double upgrade and raise Cyprus' creditworthiness to investment grade or raise it gradually, opting for a more conservative approach.
In view of the legal guarantee provided by the state government, KIIFB's creditworthiness is directly linked to that of the state.
The Bill aims to change this by requiring credit service providers to take rental and council tax payment history data into account when assessing a borrower's creditworthiness.
IMF involvement doubtlessly supports African sovereigns' creditworthiness during programmes thanks to the Fund's role as a lender of last resort.
Access to funding can change with the way lenders determine an applicant's creditworthiness. With the new and innovative financial technologies and systems we work on a person's social credit rather than traditional creditworthiness, Gupta added.
Reducing the risk of accounts receivable, small and medium-sized companies can control their financial condition using global creditworthiness network through the Economic Chamber of Macedonia.
By way of example, the proposed approach will be framed within the context of a laudable proposed goal: creditworthiness of the beneficiary.
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