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Credit averse |
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Credit averseWhen a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse. People with averse credit ratings often have to pay higher interest rates on a mortgage.Credit averse Similar MatchesGeneric credit spreadGeneric credit spreadRefers to the corporate bond spread for a particular credit rating and expiry. For example, 10-year single A corporates were priced or trading at 130 basis points above Treasuries last night, or said diffrently, 130 is the generic credit spread for 10-year single A corporates. Consumer Credit Protection Act of 1968Consumer Credit Protection Act of 1968Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending. Federal Farm Credit BankFederal Farm Credit BankAn institution created by the government with the purpose of uniting the financing activities of the federal land banks, the federal intermediate credit banks, and the banks for cooperatives. See: Federal Farm Credit System. Pension creditPension creditA state benefit due to be introduced in 2003 which is intended to reward people who have saved for their retirement. Pensioners will receive a credit of 60p for each pound derived from a source other than the basic state pension, subject to an overall income limit of £135 per week for a single pensioner and £200 for pensioner couples. Domestic creditDomestic creditCredit extended by a country's central bank to domestic borrowers, including the government and commercial banks. In the United States, the largest component by far is the Fed's holdings of U.S. government bonds, but it also makes some short-term loans to banks to use as their reserves. Further SuggestionsRevocable letter of creditTax credit Line of credit Commodity Credit Corporation Eurocredit market Creditor bank giro credit Credit Financial institution buyer credit policy Earned income credit Foreign Credit Insurance Association (FCIA) Transferable letter of credit Credit insurance credit union Tax credit Confirmed Letter of Credit Foreign tax credit Nonaccredited investor National Credit Union Administration Credit Standards credit note Sight Letter of Credit Accredited investor Close end credit Federal Intermediate Credit Bank |
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