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creditworthiness

noun (creditworthiness — uncountable)

«creditworthiness» in the English dictionary: everyday — its meanings, how the lessons use it, and examples, each with its tree on Mova.

Everyday

(money) Creditworthiness is how safe a bank or shop thinks it is to lend money to a person or company, based on whether they usually pay back what they owe. tree →

In the lessons

An adult money word seen by children in talk about loans, mortgages and credit cards: banks check creditworthiness before lending. A «credit score» is a number that measures it. Paying bills on time builds it; missed payments damage it.

Examples

  • The bank checked Dad's creditworthiness before giving the mortgage. tree →
  • Paying bills on time improves your creditworthiness. tree →
  • A company's creditworthiness affects how much it can borrow. tree →
  • Missing loan payments harmed her creditworthiness. tree →
  • Lenders use a credit score to judge creditworthiness. tree →
  • Good creditworthiness can mean lower interest on a loan. tree →

Note

Uncountable. Adjective: creditworthy. Here «credit» means borrowing money that you must pay back, usually with interest — not praise.

On Mova

This page in Markdown → https://md.dictionary.elamur.ai/free/en/english/creditworthiness/