FICO Scores definition

FICO Scores means statistical guidelines used by lenders in various markets to assess a borrower's credit worthiness and measure the relative degree of risk represented by such a borrower.
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Examples of FICO Scores in a sentence

  • The Company has obtained a life of loan, transferable flood certification contract with a Approved Flood Certification Provider for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser; (tt) FICO Scores.

  • Client shall use each such FICO Score only once and, with respect to FICO Scores, only in accordance with the permissible purpose under the FCRA for which Client obtained the FICO Score.

  • Client acknowledges that the FICO Scores are proprietary, and that Fair ▇▇▇▇▇ retains all its intellectual property rights in the FICO Scores and the Models (defined below) used by Equifax to generate the FICO Scores.

  • The Company has obtained a life of loan, transferable flood certification contract with a Approved Flood Certification Provider for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser; FICO Scores.

  • Client shall not attempt to discover or reverse engineer the FICO Scores, Models, or other proprietary information of Fair ▇▇▇▇▇, or use the FICO Scores in any manner not permitted, including, without limitation, for resale to third parties, model development, model validation (except as expressly set forth above with respect to Archive Scores), model benchmarking, or model calibration.

  • Client’s use of the FICO Scores must always comply with applicable federal, state, and local laws and regulations, and Client hereby certifies that it will use each FICO Score only for a permissible purpose under the FCRA.

  • As of the Closing Date, no more than [*] of the Accounts (calculated on the basis of the amount of outstanding Principal Receivables relating to the Accounts on the dates they became Accounts) have related Obligors with FICO Scores as of the date of the origination of their Accounts of less than [*].

  • Fair ▇▇▇▇▇ grants to Client, effective during the term of the Client agreement, a personal, nonexclusive, non- transferable, limited license to use, internally, the FICO Scores solely for the particular purpose set forth in Section 2 above for which the FICO Scores were obtained, including, but not limited to the single-use restrictions set forth above.

  • Client acknowledges that the FICO Scores are proprietary and that Fair ▇▇▇▇▇ retains all its intellectual property rights in the FICO Scores and the Models (defined below) used by Equifax to generate the FICO Scores.

  • In the event of a conflict between this Exhibit and the Agreement, the terms of this Exhibit shall govern solely with respect to FICO Scores.

Related to FICO Scores

  • FICO Score A statistical credit score obtained by mortgage lenders in connection with the loan application to help assess a borrower's credit worthiness.

  • Diversity Score means, as of any day, a single number that indicates collateral concentration in terms of both issuer and industry concentration, calculated as set forth in Schedule 7 hereto, as such Diversity Scores shall be updated at the option of the Administrative Agent in its sole discretion if Moody’s publishes revised criteria.

  • FICO means Fair ▇▇▇▇▇ & Co., or any successor thereto.

  • Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

  • Average Delinquency Ratio on any Payment Date means the average of the Delinquency Ratios for the preceding three calendar months.