Credit Decision definition

Credit Decision means a preliminary or final assessment, analysis or determination with respect to: (a) whether to make, purchase or sell a Loan, (b) whether the making, purchasing or selling of a Loan satisfies certain criteria, or a policy or rule, or (c) the credit worthiness of an applicant for a Loan.
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Credit Decision. COMFIN’s response to a Credit Application. Credit Limit: the amount for which COMFIN is willing to assume the Insolvency Risk on a Debtor. Debtor: debtor of a Receivable transferred by the CLIENT to COMFIN in the performance of the Agreement. Debtor Account: account held for accounting purposes in COMFIN’s accounts, in which all Receivables and accounting movements between an individual Debtor and the CLIENT are recorded. Debtor Bank Account: bank account through which Debtors can pay a transferred Receivable in a legally valid manner and without any further obligations after making payment. This account will be provided in the Special Terms and Conditions. Debtor Portfolio: total amount in outstanding transferred Receivables in the accounts of COMFIN at a given time. Delivery: the performance the CLIENT must deliver for its Debtor in the performance of the agreement between itself and its Debtor. ‘Delivery’ may refer both to goods and to services. The performance will be deemed to have been delivered when the Debtor has actually and definitively received and accepted the goods or services, in accordance with its order, free of defects, or if the services have been terminated. Dilution: refers to Receivables transferred to COMFIN that are not paid on the Debtor Bank Account (but e.g. directly to the CLIENT) Dilution is expressed as a percentage calculated based on a division, where the numerator shows the total amount in transferred Receivables derecognised by COMFIN during a specific period, without the amount being paid to COMFIN, and where the denominator shows the total amount in transferred Receivables derecognised by COMFIN during the same period. Direct Payment: payment of a Receivable to an account other than the Debtor Bank Account. Factorable Annual Revenue: total Volume of Receivables the CLIENT transfers or can transfer to COMFIN on an annual basis. Factoring Fee: fee charged by COMFIN for the services described in the Special Terms and Conditions, as provided in Article 5.
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Credit Decision. , in relation to a borrower, means any of the following decisions made by a relevant person:
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Examples of Credit Decision in a sentence

  • Credit Decision whereby We cancel a Positive Credit Decision previously granted in respect of a Buyer.

  • Credit Decision which is not a Refusal or a Cancellation including Credit Decision We grant partially compared to the requested amount.

  • Credit Limit: type of Credit Decision set by Us, as per article 2.1. of the Special Terms.

  • Credit Decision: decision which is set pursuant to the Special Terms and determines the maximum covered amount of your Outstanding in respect of a given Buyer, if any.

  • Our cover shall start upon Delivery, provided that a Positive Credit Decision with respect to the Buyer is in force on the date of Delivery.

  • The cover ratio is the ratio where: • the numerator is the lowest of the Net Debt or the Credit Decision • the denominator is the amount of the Debt.

  • Credit Decision whereby We reduce the amount set in a previous Credit decision.

  • Upon your request for a Credit Decision with respect to a Buyer, the Buyer’s creditworthiness shall be assessed and monitored by the Information Service Provider, such assessment being a piece of information on which we base our Credit Decision.

  • If the conditions for retroactivity are not met, the Positive Credit Decision shall take effect at the date of your request.

  • Lender Credit Decision........................................................................

Related to Credit Decision

  • Supported decision-making means a process of supporting and accommodating an adult with a disability to enable the adult to make life decisions, including decisions related to where the adult wants to live, the services, supports, and medical care the adult wants to receive, whom the adult wants to live with, and where the adult wants to work, without impeding the self-determination of the adult.

  • Request for Credit Extension means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

  • return decision means an administrative or judicial decision or act, stating or declaring the stay of a third-country national to be illegal and imposing or stating an obligation to return;

  • Final Decision means a final action of the commission determining the legal rights, duties, or privileges of any person. “Final decision” does not include preliminary, procedural, or intermediate actions by the commission, actions regulating the internal administration of the commission, or actions of the commission to enter into or refrain from entering into contracts or agreements with vendors to provide goods or services to the commission.

  • Final administrative decision means a decision by an agency