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Qualification |
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QualificationThe process of reviewing a prospective borrower's credit and payment capacity prior to approving a loan.Qualification Similar MatchesQualification periodQualification periodThat period of time, as stated in an insurance policy, during which benefits are not payable to the insured following a claim. This period is to enable the insurance company to confirm that the claim is genuine and is usual in health insurance. Qualification periodQualification periodA period of time during the first few months or weeks of a new policy when an insurance company will not reimburse a policyholder for a claim in order to allow the insurance company time to find any fraudulent information in the application. |
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