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Credit rating |
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Credit ratingThe degree of credit worthiness assigned to a person based on credit history and financial status.Credit ratingA rating used by banks, insurance companies, mortgage companies and other financial institutions making loans which they use to judge an individual or company's credit worthiness.Depending on how many points the applicant gets when his/her personal details are run through the rating system, the financial institution will either accept or reject the risk.Financial institutions rely on highly computerised credit rating systems, and co-operate with each other in providing details of bad credit risks. Hence the concept of the 'black list'.Similar MatchesCommercial letters of creditCommercial letters of creditTrade-related agreement that a certain amount of bank funds is available to an entity. CreditCredit1. Recorded as positive (+) in the balance of payments, any transaction that gives rise to a payment into the country, such as an export, the sale of an asset (including official reserves), or borrowing from abroad. Opposite of debit. 2. A loan. For example, a trade credit. Full faith and credit obligationsFull faith and credit obligationsThe security pledges for larger municipal bond issuers, such as states and large cities that have diverse funding sources. National Credit Union AdministrationNational Credit Union AdministrationFederal agency that oversees and insures the federal credit union system, and is funded by its members. Credit bureauCredit bureauAn agency that researches the credit history of consumers so that creditors can make decisions about granting of loans. Further SuggestionsLetter of credit (LOC)Credit balance Foreign Credit Insurance Association (FCIA) Transferable letter of credit Bank Letter of Credit Policy credit insurance National Credit Union Administration Federal credit agencies credit card Credit analysis Time Letter of Credit Credit period Consumer credit Federal Farm Credit System credit Credit union Credit reference agency Earned income credit secured creditor Credit averse Generic credit spread Consumer Credit Protection Act of 1968 Commodity Credit Corporation Creditor Trade credit |
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