credit standards
Definition
The guidelines issued by a company that are used to determine if a potential borrower is creditworthy. Credit standards are often created after careful analysis of past borrowers and market conditions, and are designed to limit the risk of a borrower not making credit payments or defaulting on loaned money.
Popular 'Banking, Commerce & Finance' Terms
credit standards in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/credit-standards.html
