Examlex
Very early in his thinking about relativity, Einstein asked himself what a person would observe if he or she kept up with a lightbeam. In answer to this question, the theory of relativity states that
Credit Scoring
A system used by lenders to evaluate the creditworthiness of potential borrowers, resulting in a score that predicts the likelihood of repayment.
Probability of Default
The probability that a borrower will fail to fulfill their debt responsibilities.
Credit Policy
The guidelines a company follows to determine the amount and terms of credit to extend to customers.
5 C's of Credit
Refers to the five key elements a lender considers when assessing the creditworthiness of a potential borrower: character, capacity, capital, collateral, and conditions.
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