Example: Credit rating evaluates creditworthiness of individuals or organizations
Definition
"The credit rating" is an evaluation of the creditworthiness of individuals or organizations, indicating their ability to repay borrowed money based on financial history and current financial status. It is used by lenders to assess risk before granting loans or credit.
The term "the credit rating" combines 'credit,' derived from Latin 'creditum,' meaning 'a loan' or 'trust,' and 'rating,' from Old French 'rater,' meaning 'to mark or score.' Together, they describe an assessment of trustworthiness in financial contexts.
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"The credit rating" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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