Credit Report Financial Glossary

What is it? A report of an individuals credit history prepared by a credit bureau and used by a lender in determining a loan applicants creditworthiness.

Finance Term Definition Added By: Kendall

Send To Friends!

If you'd like to send the Credit Report definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Credit Report. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term electronic funds transfer (EFT) is An electronically based rather than paper-based system of transferring funds to and from accounts. Two main EFT remittance methods are wire transfers and automated clearing house (ACH).

Financial Term Total current assets is Assets that are expected to be converted into cash within twelve months of the balance sheet date

Financial Term Buyout Capital is A specialized form of private equity, characterized chiefly by risk investment in established private or publicly listed firms that are undergoing a fundamental change in operations or strategy (see Event Transaction, Middle Market). Buyout funds are often called such, even if their mandates are not exclusively buyout-related.

Financial Term Private Mortgage InsurancePMI is Insurance that protects a lender against loss during the period when there is no equity in a home and the down payment is less than 20 percent of the purchase price. It is paid for by the home buyer.

Financial Term Liquidation is The selling off of assets in order to satisfy creditors.