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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 MatchesCredit insuranceCredit insuranceInsurance against abnormal losses due to unpaid accounts receivable. Credit unionCredit unionA not-for-profit institution that is operated as a cooperative and offers financial services such as low-interest loans, to its members. CreditworthinessCreditworthinessEligibility of an individual or firm to borrow money. Credit StandardsCredit StandardsThe guidelines a company follows to determine whether a credit applicant is creditworthy. Credit enhancementCredit enhancementPurchase of the financial guarantee of a large insurance company to raise funds. Further SuggestionsNational Foundation for Consumer CreditCredit history Best interests of creditors test Tax credit Trade credit Federal Farm Credit Bank Credit risk Revocable letter of credit Accredited investor National Credit Union Administration Federal Intermediate Credit Bank Generic credit spread bank giro credit Credit linked security Usance Letter of Credit credit Eurocredit market Credit analysis Eurocredits credit union Credit spread Commodity Credit Corporation Credit Credit balance Syndicated Eurocredit loans |
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