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. (PID # 224877) Page 1 of 34

Credit Decision means a decisionregarding whether and under what terms to originate, modify, terminate, or make other changes to a mortgage, including a decision whether to extend new or additional credit or change the credit limit on a line of credit.

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.

Examples of Credit Decision in a sentence

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

• Such new Positive Credit decision shall replace any Credit decision in force during the retroactive period and may not be accumulated with any prior Credit Decision.

• For more details on challenging a Tax Credit decision see: www.litrg.org.uk/tax-guides/tax-credits-benefits/tax-credits/how-do-i-appeal-a- tax-credits-decision or www.gov.uk/tax-credits-appeals-complaints An appeal cannot be made about the decision to recover a Tax Credit overpayment (although the amount can).

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

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

• Such new Positive Credit decision shall replace any Credit decision in force during the retroactive period and may not be cumulated with any prior Credit Decision.

• Credit decision timeframes can range from one to five business days.

• Credit decision of howmuch would be fund based and/or how much would be non-fund based would rest with the MLI.

• Credit decision support systems include the Risk Committee assessment and approval of Board of Directors.Notes to the financial statements for the year ended 31 December 2017(Amounts in EUR, unless otherwise stated) 4.

• Credit decision rules and workflows are recorded in detailed credit process descriptions and guidelines.

More Definitions of Credit Decision

Credit Decision. , in relation to a borrower, means any of the following decisions made by a relevant person: