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What (who) is creditworthy - definition
creditworthy
¦ adjective considered suitable to receive commercial credit.
Derivatives
creditworthiness noun
creditworthy
also credit-worthy
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.
Building societies make loans to creditworthy customers.
ADJ
• creditworthiness
They now take extra steps to verify the creditworthiness of customers.
N-UNCOUNT
creditworthiness
RISK OF DEFAULT ON A DEBT THAT MAY ARISE FROM A BORROWER FAILING TO MAKE REQUIRED PAYMENTS
Creditworthiness; Default risk; Credit risk management; Credit worthiness; Debt covenant; Credit Risk; Default Risk; Counterparty risk; Counter party risk; Capital risk; Credit default risk; Counterparty credit risk
see creditworthy
Examples of use of creditworthy
1. Credit tightened, even for more creditworthy borrowers.
2. However, they have spread to more creditworthy borrowers.
3. Told by traditional bankers that his clients were not creditworthy, Yunus would answer "how do you know they are not creditworthy, if you‘ve never tried?
4. The commission would ensure that only creditworthy mortgages are guaranteed.
5. The problems have spread to some more creditworthy borrowers and intensified in August, unnerving Wall Street.