creditworthy

adjective
cred·​it·​wor·​thy | \ ˈkre-dit-ˌwər-t͟hē How to pronounce creditworthy (audio) \

Definition of creditworthy

: financially sound enough to justify the extension of credit

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Other Words from creditworthy

creditworthiness noun

Examples of creditworthy in a Sentence

Recent Examples on the Web Over the last 10 years, financial institutions have tightened significantly, and loans are now made to creditworthy consumers only … not merely anyone with a pulse. Steve Blank, The Denver Post, "Cocktail chattables: While homes are still selling, the market will continue to experience a noticeable slowdown, probably until sometime in May," 16 Apr. 2020 The goal of the program is not to bail out specific companies but to make sure creditworthy firms have access to capital. Matt Egan, CNN, "Warren Buffett doesn't need the Fed's help. But he's getting it anyway," 29 June 2020 Some of those orders were from customers looking to delay their purchases, while others were from airlines that have been devastated by pandemic shutdowns and are no longer considered creditworthy. Harold Maass, TheWeek, "The daily business briefing: June 10, 2020," 10 June 2020 Appetite for new bonds, especially those issued by less-creditworthy businesses, has fallen off. Peter Eavis, New York Times, "How Bad Could It Get? Companies Gauge the Coronavirus Impact," 28 Feb. 2020 Financial institutions are now applying advanced analytics, artificial intelligence (AI), and machine learning techniques to expand the creditworthy envelope beyond traditional credit payment history. Atrideb Basu, Quartz India, "E-shopping to mobile recharges, Indian banks have a wealth of data to check creditworthiness," 19 Apr. 2020 But a version more focused on small-business lending might be a way for the government to push cash into businesses in need — while letting private investors decide which firms are creditworthy. Neil Irwin, New York Times, "What the Fed Could Do Next to Try to Prevent an Economic Unraveling," 20 Mar. 2020 Lenders use a person's FICO score, or other credit metrics such as VantageScore, to assess if a borrower is creditworthy. Khristopher J. Brooks, CBS News, "Changes are coming to your FICO score calculation," 23 Jan. 2020 But until there are creditworthy takers for fresh advances, deposits won’t revive. Andy Mukherjee | Bloomberg, Washington Post, "The Case for QE in India Is Getting Stronger," 3 Dec. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'creditworthy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of creditworthy

1840, in the meaning defined above

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Time Traveler for creditworthy

Time Traveler

The first known use of creditworthy was in 1840

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Statistics for creditworthy

Last Updated

8 Aug 2020

Cite this Entry

“Creditworthy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/creditworthy. Accessed 23 Sep. 2020.

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More Definitions for creditworthy

creditworthy

adjective
How to pronounce creditworthy (audio)

English Language Learners Definition of creditworthy

: considered able to repay borrowed money

creditworthy

adjective
cred·​it·​wor·​thy | \ ˈkre-dit-ˌwər-t͟hē How to pronounce creditworthy (audio) \

Legal Definition of creditworthy

: likely to be able to repay loans or consumer credit

Other Words from creditworthy

creditworthiness noun

Comments on creditworthy

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