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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 analysisCredit analysisEvaluating information on companies and bond issues in order to estimate the ability of the issuer to live up to its future contractual obligations. Related: Default risk. Consumer creditConsumer creditCredit a firm grants to consumers for the purchase of goods or services. Also called retail credit. Transferable letter of creditTransferable letter of creditDocument that allows the first beneficiary on a standby bank assurance of funds to transfer all or part of the original letter of credit to a third party. Backup Line of CreditBackup Line of CreditA bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank. Unified tax creditUnified tax creditA federal tax credit which may be deducted from estate tax and gift tax liability. Further Suggestionscredit spreadCredit Federal Farm Credit System Purpose credit Open end credit Unified tax credit bank giro credit creditors Tax credit Trade credit Credit spread Credit Credit reference agency Close end credit Nonaccredited investor Usance Letter of Credit Crediting rate Credit card Creditor Confirmed Letter of Credit Export Credits Guarantee Department Credit history Creditor nation Evergreen credit Retail credit |
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