Share this entry
credit rating Line breaks: credit rat¦ing

Definition of credit rating in English:


1An estimate of the ability of a person or organization to fulfil 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!
1.1 [mass noun] The process of assessing a credit rating.
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:
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove ads and access premium resources