Credit averse


 

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Credit averse

When 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 Matches

Generic credit spread

Generic credit spread

Refers 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 1968

Consumer Credit Protection Act of 1968

Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending.


Federal Farm Credit Bank

Federal Farm Credit Bank

An 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 credit

Pension credit

A 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 credit

Domestic credit

Credit 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 Suggestions

Revocable letter of credit
Tax 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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