creditworthy

creditworthy
creditworthy cred‧it‧wor‧thy [ˈkredtˌwɜːði ǁ -ˌwɜːr-] adjective ECONOMICS BANKING
if a country, business, or individual is creditworthy, they are in a good position financially and have a good record of paying back loans on time, so institutions can lend money to them with confidence that the money will be paid back:

• Banks are reluctant to lend except to the most creditworthy borrowers.

— creditworthiness noun [uncountable] :

• There were doubts about the airline's creditworthiness following reports that it was having difficulty repaying some of its loans.

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creditworthy UK US /ˈkredɪtˌwɜːði/ US  /-ˌwɝː-/ adjective
► FINANCE used to describe a person, business, or government to which financial organizations are willing to lend money: less/more/most creditworthy »

During a credit crunch, banks are reluctant to lend except to the most creditworthy borrowers.

 »

Pawnbrokers are popular with those not considered creditworthy enough to be granted bank accounts.

creditworthiness /ˈkredɪtˌwɜːðɪnəs/ US  /-ˌwɝː-/ noun [U]
► »

Your credit report includes your credit score, which gives lenders an instant picture of your creditworthiness.


Financial and business terms. 2012.

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Look at other dictionaries:

  • creditworthy — cred·it·wor·thy / kre dit ˌwər t̲h̲ē/ adj: likely to be able to repay loans or consumer credit cred·it·wor·thi·ness n Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cr …   Law dictionary

  • creditworthy — ► ADJECTIVE ▪ considered suitable to receive commercial credit. DERIVATIVES creditworthiness noun …   English terms dictionary

  • creditworthy — [kred′it wʉr΄thē] adj. considered sufficiently sound financially to be granted credit: also sp. credit worthy creditworthiness n …   English World dictionary

  • creditworthy — [[t]kre̱dɪtwɜː(r)ði[/t]] also credit worthy ADJ GRADED A creditworthy person or organization is one who can safely be lent money or allowed to have goods on credit, for example because in the past they have always paid back what they owe.… …   English dictionary

  • creditworthy — credit worthy credit worthy creditworthy creditworthyadj. having an acceptable credit rating; worthy of having credit extended; as, a credit worthy customer. Syn: responsible. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • creditworthy — cred|it|wor|thy [ˈkredıtˌwə:ði US ˌwə:r ] adj formal considered to be able to pay debts ▪ creditworthy borrowers >creditworthiness n [U] …   Dictionary of contemporary English

  • creditworthy — / kredɪtwɜ:ði/ adjective having enough money to be able to buy goods on credit ● We will do some checks on her to see if she is creditworthy …   Marketing dictionary in english

  • creditworthy — / kredɪtwɜ:ði/ adjective having enough money to be able to buy goods on credit ● We will do some checks on her to see if she is creditworthy …   Dictionary of banking and finance

  • creditworthy — adjective Date: 1924 financially sound enough to justify the extension of credit • creditworthiness noun …   New Collegiate Dictionary

  • creditworthy — creditworthiness, n. /kred it werr dhee/, adj. having a satisfactory credit rating. [1555 65, for an earlier sense; CREDIT + WORTHY] * * * …   Universalium

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