Definition

1. Adjective:
   • Having an acceptable credit rating; considered financially reliable enough to be granted credit: Describes a person, company, or entity that is deemed likely to repay borrowed money, based on their financial history and current situation.
   • Financially responsible and trustworthy in matters of debt: Indicates a history of meeting financial obligations, making the subject a low risk for lenders.

Usage Examples

• Adjective:
  • After years of timely payments, she is now considered creditworthy by major banks.
  • The company needs to maintain a strong balance sheet to remain creditworthy for future loans.
  • Only creditworthy applicants will be approved for this mortgage.

Advanced Usage

• "to be deemed creditworthy": to be officially judged as financially reliable.
  • The small business was finally deemed creditworthy after two profitable years.
• "creditworthy status": the condition of being considered a good credit risk.
  • Losing your creditworthy status can make it difficult to secure financing.

Variants and Related Words

• Creditworthiness (n): The quality of being creditworthy.
  • The bank assesses the creditworthiness of all potential borrowers.
• Credit (n/v): The trust which allows one party to provide resources to another with the expectation of future repayment.
  • They gave him credit based on his good reputation.

Synonyms

• Solvent: Having enough money to pay all debts.
• Financially sound: In a good and stable financial condition.
• Trustworthy (in financial context): Reliable in repaying debts.

Antonyms

• Uncreditworthy: Not worthy of credit.
• Insolvent: Unable to pay debts owed.

Related Phrases

• Credit check: An inquiry into a person's credit history to determine creditworthiness.
  • The landlord will run a credit check on all prospective tenants.
• Credit rating/score: A numerical expression based on an analysis of a person's credit files, representing their creditworthiness.
  • A high credit score is essential for proving you are creditworthy.

Adjective

1. having an acceptable credit rating
   • a responsible borrower