creditworthiness
nounUK /ˈkred.ɪtˌwɜː.ði.nəs/
US /ˈkred.ɪtˌwɝː.ði.nəs/
Creditworthiness is how much people trust someone to pay back money they borrow.
The bank checked his creditworthiness before giving him a loan.
RELATED WORDS
OTHER MEANINGS
2. A lender's judgment of how safe it is to lend money to a person or company.
Her steady job improved her creditworthiness in the eyes of the lender.
3. The quality of being considered able to meet financial obligations.
The company's creditworthiness dropped after it missed several payments.
4. A rating used by banks and businesses to decide loan terms.
Low creditworthiness often means higher interest rates.