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credit rating

Syllabification: cred·it rat·ing

Definition of credit rating in English:

noun

1An estimate of the ability of a person or organization to fulfill their financial commitments, based on previous dealings.
Example sentences
  • Obtaining financing with a lackluster credit rating is beyond challenging.
  • Instead of selling loans with fixed interest rates, they offer tailored rates based on your credit rating.
  • Ironically, too much available credit probably damages my credit rating!
1.1The process of assessing this.
Example sentences
  • Finally, for those for whom credit rating is important, such as anyone applying for a mortgage or personal loan, the timing of any account switch may need some consideration.
  • SSI units will be encouraged to obtain credit rating.
  • But that would not automatically bring better credit rating.

Definition of credit rating in:

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