FICO® Score

Business / Taxes / FICO® Score: Created by the Fair Isaac Corporation, FICO® is the best-known credit scoring system in the US. Based on the information in your credit report, your FICO® score is calculated using complex, proprietary formulas that weigh the amount of debt you carry relative to your available credit, the timeliness of your payments, the type of debt you carry, and a great many other factors to assign you a credit score between 300 and 850. The top 20% of credit profiles receive a score over 780 and the lowest 20% receive scores under 620. Lenders use your credit score to assess your credit risk, or the likelihood that you will default on a loan and offer the best — or lowest — interest rates to credit applicants with the highest scores. The Equal Credit Opportunity Act (ECOA) prohibits factors such as race, color, gender, religion, national origin, or marital status from being considered in any credit scoring system, including FICO®.

Other Words for Score

Score Adjective Synonyms: nick, groove, scratch, line, mark, stroke, notch, cut, nock
Score Noun Synonyms: music, accompaniment, full or short or vocal score
Score Verb Synonyms: record, account, reckoning, register, tally, amount, number, count, sum, total, mark, grade
MORE

Scoreability

Entertainment / Bowling / Scoreability: The scoring potential of a particular lane and condition. It can be used to describe how a lane has been optimized to increase the scores. MORE

SCORE

Business / Finance / SCORE: Stands for Special Claim on Residual Equity, a certificate that entitles the owner to the capital appreciation of an underlying security, but not to the dividend income from the security. MORE

Running Up The Score

Entertainment / Football / Running Up The Score: A generally discouraged practice in which a team, despite leading by several touchdowns (to the point that it is obvious that the team is going to win), continues to score as many points as possible i MORE

Links
Home
Glossary
Thesaurus