Credit worthiness definition

Credit worthiness means the ability of the applicant to meet the lending institution's standard lending criteria.
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Credit worthiness. ,worthiness” means ability of applicant to meet lending institution's standard
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Credit worthiness of an individual means the individual's:
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Examples of Credit worthiness in a sentence

  • Credit worthiness may be established through current financial statements (certified by an independent certified public accountant) or other acceptable evidence of financial responsibility and by furnishing at least three (3) satisfactory credit references, including a bank reference.

  • Credit worthiness and collection procedures are reviewed properly and promptly.

  • Applicant must have Credit worthiness of at least Rs. 2.0 Crores from Scheduled Bank / Financial Institution.

  • Credit worthiness of the borrower to ensure that no undue risk is involved.

  • Credit worthiness and financial well-being of the customer is monitored on an ongoing basis.

  • Credit letter from Scheduled Bank / Financial Institution ensuring Credit / Credit worthiness of the applicant along with EOI proposal.

  • Credit worthiness of debtors is undertaken when appropriate.Equity price riskPrice risk arises from investments in equity securities.

  • Credit worthiness of customers is reviewed by the Company on an annual basis or more frequently, if warranted, and those not meeting certain credit criteria are required to make 100% provisional payment up-front or provide an acceptable payment instrument such as a letter of credit.

  • The quotient of the total liabilities divided by net worth at the end of the company’s most recently completed fiscal year is less than 1.5.(g) Credit worthiness.

  • Credit worthiness of guarantors is established at the time of granting the facilities and reviewed at least annually.


More Definitions of Credit worthiness

Credit worthiness. , worthiness" means ability of applicant to meet lending institution's standard lending criteria; criteria;
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Credit worthiness means any item of information which, in any way, represents or bears upon the credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living of a person.
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Credit worthiness. ,worthiness” means the ability of the applicant to meet the lending institution's
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Related to Credit worthiness

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

  • Facility means the entire operation located on the property where the Equipment is located;

  • Condition means a provision attached to a new or existing license that limits or restricts the scope of the license or imposes additional requirements on the licensee.

  • Accommodations means the room or other space provided to transient guests for dwelling, lodging, or sleeping, including furnishings and other accessories, in a facility that is not a campground, hospital, nursing home, emergency shelter, or community mental health or community substance abuse treatment facility. Accommodations do not include food or beverages.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Reasonable accommodation means necessary and appropriate modification and adjustments not imposing a disproportionate or undue burden, where needed in a particular case, to ensure to persons with disabilities the enjoyment or exercise on an equal basis with others of all human rights and fundamental freedoms;

  • Credit and Collection Policy means Seller’s credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof and summarized in Exhibit VIII hereto, as modified from time to time in accordance with this Agreement.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Public accommodation means each and every place, establishment, or facility, of whatever kind, nature, or class that caters or offers services, facilities, or goods for a fee or charge to nonmembers of any organization or association utilizing the place, establishment, or facility provided that any place, establishment, or facility that caters or offers services, facilities, or goods to the nonmembers gratuitously shall be deemed a public accommodation if the accommodation receives any governmental support or subsidy. Public accommodation shall not mean any bona fide private club or other place, establishment, or facility which by its nature is distinctly private except when such distinctly private place, establishment, or facility caters or offers services, facilities, or goods to the nonmembers for a fee or charge or gratuitously, it shall be deemed a public accommodation during such period.

  • Transient accommodation means a room, group of rooms, or

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Financial Covenant has the meaning specified in Section 7.08.

  • Required Facility Lenders means, with respect to any Facilities on any date of determination, Lenders having or holding more than 50% of the sum of (a) the aggregate principal amount of outstanding Loans under such Facilities and (b) the aggregate unused Commitments under such Facilities; provided that the portion of outstanding Loans and the unused Commitments of such Facilities, as applicable, held or deemed held by a Defaulting Lender shall be excluded for purposes of making a determination of Required Facility Lenders.