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 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 Besides tighter credit standards, banks maintain deep capital cushions as a result of post-crisis regulations, allowing them to continue lending to creditworthy customers. Paul Davidson, USA TODAY, "If a recession hits next year, it would probably be mild. But a recovery would also be tame.," 30 Dec. 2019 For one thing, job creation from the economic recovery, however tepid or uneven, has expanded the ranks of creditworthy borrowers. Liz Alderman, New York Times, "Mortgage Rates Below 1% Put Europe on Alert for Housing Bubble," 17 Dec. 2019 The prime rate, which banks charge their most creditworthy customers, nearly doubled by Election Day 1980, peaking at 21.5 percent. New York Times, "Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92," 9 Dec. 2019 These were deeply under-market interest rates in a period when the prime rate — typically charged to a bank’s most creditworthy customers, ranged from 3.25% to 3.5%. Michael Hiltzik, Los Angeles Times, "Column: WeWork carries Silicon Valley’s ‘unicorn’ craze to its absurd limits," 12 Sep. 2019 After ZestFinance rewrote the algorithm and added a large number of additional criteria, many of those same applicants proved creditworthy. Sue Shellenbarger, WSJ, "A Crucial Step for Averting AI Disasters," 13 Feb. 2019 Along with rule changes made by the Clinton administration to raise homeownership rates, this led to a surge of new mortgages issued to less-creditworthy borrowers. David Z. Morris, Fortune, "The Expiration of This Key Mortgage Rule Could Upend the Housing Market," 26 July 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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Last Updated

31 Jan 2020

Cite this Entry

“Creditworthy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/creditworthy. Accessed 29 Mar. 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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