Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License
- adj. Alternative spelling of creditworthy.
from the GNU version of the Collaborative International Dictionary of English
- adj. having an acceptable credit rating; worthy of having credit extended.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- adj. having an acceptable credit rating
Etymologies
Sorry, no etymologies found.
Examples
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It certainly would not require any lender to make a loan to any applicant who was not credit-worthy.
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Financing remains available to only "the most credit-worthy purchasers," he said.
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Issuers also are more credit-worthy because the riskiest ones were driven out of business during the financial crisis, though investors still steer clear of lending to some European banks.
Crisis Lessons Learned, Commercial-Paper Market Skates Through Tumult
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Wells Fargo has fought lawsuits from Baltimore and the city of Memphis alleging that the bank preyed upon black borrowers; settled claims it illegally steered credit-worthy borrowers into subprime loans and misled investors about the risks of mortgage-backed securities it sold; and fought investigations and regulatory actions stemming from revelations that it employed so-called "robo-signers," the agents directed by lenders to process foreclosure filings en masse without examining the underlying paperwork.
Wells Fargo Target Of Justice Department Probe; Agency Alleges Discriminatory Lending
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At the same time, pressure to reduce default rates is freezing out less credit-worthy entrepreneurs.
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"Companies that are credit-worthy haven't been in a borrowing mood, but we are starting to see that change," said Jeffrey Harte , a principal with Sandler O'Neill + Partners LP.
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Banks say they are having trouble finding enough credit-worthy borrowers to make use of their deposits.
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Alliant CEO Dave Mooney said member-owned lenders have a better sense of how credit-worthy their customers are.
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But analysts said they expected financial firms to review their borrowing terms and potentially raise rates for the least credit-worthy borrowers in coming months.
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But for the second quarter in a row, banks' total revenue dropped in the quarter ending in June, a development FDIC officials attributed to the struggle banks face in finding credit-worthy customers who want to borrow.
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