Creditworthiness (Noun)
Meaning
Trustworthiness with money as based on a person's credit history; a general qualification for borrowing.
Classification
Nouns denoting attributes of people and objects.
Examples
- The bank evaluated the applicant's creditworthiness before approving the loan.
- A good credit score is often seen as a key indicator of a person's creditworthiness.
- To determine creditworthiness, lenders typically review an individual's credit history and income.
- The company's creditworthiness was called into question after it failed to make several loan payments on time.
- A person's creditworthiness can greatly impact their ability to secure a mortgage or other large loan.