Definition of credit rating in English:

credit rating

Syllabification: cred·it rat·ing

noun

  • 1An estimate of the ability of a person or organization to fulfill their financial commitments, based on previous dealings.
    More 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.
    More 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.

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Word of the day kerf
Pronunciation: kərf
noun
a slit made by cutting with a saw