How do you use creditworthiness in a sentence? (2024)

How do you use creditworthiness in a sentence?

He can make all the usual professional checks on the creditworthiness of the person to whom he is extending credit. In order to do that, we shall have to convince the international capital markets of our sustained creditworthiness over the period of the new loans.

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What is creditworthiness in your own words?

Creditworthiness is a measure of how likely you will default on your debt obligations according to a lender's assessment, or how worthy you are to receive new credit.

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What is a sentence for worthiness?

No one knows what the road-worthiness of their vehicles was. He has merely his credit-worthiness, his business and his stock. There seemed to have been extraordinary lapses by banks in checking credit worthiness and current indebtedness. He said it is a function not of its size but of its credit-worthiness.

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What is an example of creditworthy?

Someone who is creditworthy has enough money or property for banks and other organizations to be willing to lend them money: The bank refused to give him a loan, saying that he wasn't creditworthy.

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How do you show creditworthiness?

The best measure of creditworthiness is a thorough evaluation of the five Cs of credit: character, capacity, capital, collateral, and conditions. Considering these factors provides a comprehensive understanding of an individual or company's creditworthiness, aiding lenders in making informed decisions.

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What does creditworthiness mean for kids?

In the simplest definition by Merriam Webster's dictionary, creditworthinessis your ability to repay borrowed money. Knowing your creditworthiness is important because it can affect your ability to get a loan, car, job, housing, insurance and more.

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What is creditworthiness and why is it important?

It might be a bit of a mouthful, but the concept of creditworthiness is simple enough to understand. The term refers to a person or company considered suitable to receive credit – mainly due to being reliable in paying money back in the past, as well as having enough funds to stay afloat if things go south.

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How can I use example in a sentence?

Examples of example in a Sentence

Noun He set a good example for the rest of us. She gave several examples to show that the program is effective. We've chosen three examples of contemporary architecture for closer study.

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How can I use the word sentence in a sentence?

He was sentenced to life imprisonment. Her sentence was commuted from death to life imprisonment.

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What's an example for sentence?

For example: "Ram is walking". A complete sentence has at least a subject and a main verb to state (declare) a complete thought. Short example: She walks. A subject is the noun (name) which is doing the main verb.

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Is creditworthiness good?

A high creditworthiness grade means you have a good history of paying your bills on time, and that you are likely to repay what you borrow. There are a few things you can do to maintain a high creditworthiness grade: 1. Always pay your bills on time.

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Is creditworthiness one word?

creditworthy. adjective. cred·​it·​wor·​thy ˈkre-dit-ˌwər-t͟hē : likely to be able to repay loans or consumer credit. creditworthiness noun.

How do you use creditworthiness in a sentence? (2024)
What are the 5 factors of creditworthiness?

The five C's, or characteristics, of credit — character, capacity, capital, conditions and collateral — are a framework used by many lenders to evaluate potential small-business borrowers.

What is creditworthiness history?

Credit histories also detail how long each account has been open, amounts owed, amount of available credit used, whether bills were paid on time, and the number of recent credit inquiries. Benefits of having a good credit history include a higher chance of getting approved for lower interest rates on loans.

What is the difference between credit score and creditworthiness?

A credit score is a three-digit score used to show an individual's creditworthiness, while a credit rating is a letter grade used to show a business or government's creditworthiness. SavvyMoney also uses a grading system of A – D based on various components of your credit score.

How is creditworthiness based on financial statements?

A company's creditworthiness can be assessed using its financial information to calculate liquidity ratios, which illustrate a company's ability to pay its short-term borrowing when it is due; leverage ratios, which measure how much of its capital consists of borrowing and its ability to repay its debts; and the debt ...

What are the 3 Cs of credit worthiness?

Character, capital (or collateral), and capacity make up the three C's of credit. Credit history, sufficient finances for repayment, and collateral are all factors in establishing credit.

Why should you make creditworthiness a goal for your future?

Creditworthiness is the measure by which a potential lender assesses how much of a risk it's taking by offering you a loan or line of credit. Building your creditworthiness and maintaining it is important for ensuring you have access to loans, credit cards, and even employment opportunities.

What are the 5 Cs of credit?

The five Cs of credit are character, capacity, capital, collateral, and conditions.

Which person is financially responsible?

The core principle of financial responsibility is that you live below your means. That generally means you spend less than you earn, save some of your money for different financial goals and pay your bills on time.

How does credit worthiness impact your life?

Having an excellent credit score qualifies you for the best interest rates when you apply for financial products. This is important when you want to borrow money affordably, which most of us want to do at some point or another. Banks charge you more to borrow money when your credit score is low.

What is high creditworthiness?

FICO scores range from 300 – 850, which are grouped into blocks of “Excellent,” “Good,” “Fair,” and “Poor.” Typically, scores above 650 symbolize a good credit history. Borrowers with a score below 650 face a tough time accessing finance, and if they do, it's usually not at favorable interest rates.

What are 5 examples of sentence?

The verb of the sentence is in red.
  • I'm happy.
  • She exercises every morning.
  • His dog barks loudly.
  • My school starts at 8:00.
  • We always eat dinner together.
  • They take the bus to work.
  • He doesn't like vegetables.
  • I don't want anything to drink.

What are 5 simple sentences?

Examples of Simple Sentence Structures

Subject + Verb: "He runs." Subject + Verb + Object: "She reads books." Subject + Verb + Complement: "He is tall." Subject + Verb + Adverb: "They eat quickly."

What is sentence 10 examples?

Here are 10 Simple Sentences Examples; Tomorrow early morning first I go to morning walk. I don't wash the dishes. We see them every week. When does the train usually leave?

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