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A credit rating is a measure of the likelihood for an individual or business to default on a loan or other form of credit. It is applied by a credit rating agency.

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Q: What is the financial definition of the credit rate?
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Related questions

What is the definition of a term deposit rate?

The definition of term deposit rate is a deposit held in a financial institute at a fixed rate. Such as a cd that banks offer or bonds.


What is a personal loan note rate?

The interest rate is variable from state to state, lending financial institution, and your credit score.


Will your home loan rates change if your credit goes bad from other financial problems?

Your credit score directly impacts the rate that banks will give you for a mortgage. If you are in a fixed rate mortage your rate can not change, but your rate will be affected if you try to refinance the loan.


How can a person search for credit financial services?

A person can search for credit financial services by using online search engines or financial comparison websites. They can also consult with their local bank or credit union, which may offer a range of credit services. Additionally, seeking recommendations from friends, family, or financial advisors can be helpful in finding reputable credit financial services.


Why consumers should be concerned if there credit rating falls?

Credit ratings determine both the interest rate and rather financial institutions will loan you money


What is the definition of credit syndication?

activities connected with joint credit procurement and project financing,aimed at raising Indian and foreign currency loans from banks and financial institutions are called credit syndication.


Where can you find low interest rate credit cards?

Online credit companies have several low interest rate credit cards, or you can try a bank such as Capital One Citi financial. Many banks offer low interest rate credit cards as long as you keep the payments up to date, and manage your money wisely.


What are credit line rates and where do they exist?

Credit line rates refer to credit scores, often of a business or individual. One can find a credit line rate by speaking to representatives of banks or financial experts, for example.


How can you get a good rate for car loans if you have bad credit?

When you have bad credit, it is essential to shop around for a good car loan rate. It is also important to know your credit score, and what is included in your credit report. Going to your bank or credit union first is also a good idea since you already have an established financial relationship with them.


What is the term used to describe the dollar amount of a periodic interest changed by financial institutions on credit accounts?

periodic rate


What is the average interest rate on a balance transfer credit card?

The average interest rate on this type of card is about 14 percent. This of course varies by indivdual financial situation.


Match each of the credit card terms with its definition?

Annual percentage rate: The amount of interest paid on unpaid balances;Grace period: Number of days to run a balance before fees or interest are charged;Secured card: A credit card with money in a savings account to act as collateral;Credit report: A listing of a person's financial information and history.