TeachMeFinance.com - explain credit rating
credit rating -- Evaluation of an individual or corporation's
history of repaying past loans. Credit ratings are used as
a benchmark to assess the future ability of a creditor to
pay back loans.
Credit Rating -- A grade assigned to denote the net worth and credit standing of an individual or a business.
credit rating -- an estimate of the likelihood that a borrower will repay a loan on time. This measure of creditworthiness is based on the borrower's present financial condition, past credit history, integrity and experience.
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