Commercial credit reference service definition

Commercial credit reference service means the service of collecting and compiling commercial credit data and providing such data to others for the purpose of assessing commercial credit.

Related to Commercial credit reference service

  • Credit Reference Bureau means a credit reference bureau duly licensed under the Banking Act pursuant to the Banking (Credit Reference Bureau) Regulations, 2013, as amended, revised or promulgated from time to time, to inter alia, collect and facilitate the sharing of customer credit information;

  • Credit report means any written, oral, or other communication of

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.