Credit Rating

Business / Taxes / Credit Rating: Your credit rating is an independent statistical evaluation of your ability to repay debt based on your borrowing and repayment history. If you always pay your bills on time, you are more likely to have good credit and therefore may receive favorable terms on a loan or credit card, such as relatively low finance charges. If your credit rating is poor because you have paid bills late or have defaulted on a loan, you are likely to get less favorable terms or may be denied credit altogether. A corporation's credit rating is an assessment of whether it will be able to meet its obligations to bond holders and other investors. Credit rating systems for corporations generally range from AAA or Aaa at the high end to D (for default) at the low end.

Other Words for Credit

Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence

Crediting Rate

Business / Finance / Crediting Rate: A warning by a bond rating firm indicating that a company's credit rating may change after the current review is concluded. MORE

Fair Credit Billing Act (1975)

Business / Accounting / Fair Credit Billing Act (1975): Federal law that covers credit card billing problems. It applies to all open-end credit accounts (e.g., credit cards, overdraft checking). States that consumers should send a written billing error not MORE

Monthly Operating Report (MOR)

Health / Health Insurance / Monthly Operating Report (MOR): A document that reports the month- and year-to-date financial status of a managed care plan. MORE