creditworthy
Học thuậtThân thiện
Definition
- 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
- having an acceptable credit rating
- a responsible borrower