a classification of credit risk based on investigation of a customer's or potential customer's financial resources, prior payment pattern, and personal history or degree of personal responsibility for debts incurred.
Terms To Know When Making A DealRead more in this article about some frequently asked questions and fun facts related to our definitions.
What Does “FICO” Stand For?When was the last time you ordered a credit report? The paper document is abstruse enough, but you have to maneuver through the morass of oddly-named companies that produce them — Equifax, Experian, TransUnion and more. The process is abstract, but the results are concrete. There’s some new, and bad, news about those infamous numbers. More than a quarter of Americans now have scores of 599 or lower. …
- credit life insurance,
- credit limit,
- credit line,
- credit manager,
- credit memorandum,
- credit risk,
- credit slip,
- credit squeeze,
- credit standing,
- credit transfer
Origin of credit rating
First recorded in 1955–60
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Examples from the Web for credit rating
Global stocks tumbled again Monday as the U.S. credit-rating downgrade by S&P sent jitters through markets.
an evaluation of the creditworthiness of an individual or business enterprise
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
An evaluation of the financial trustworthiness of an individual, firm, or government.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.