Creditworthiness Decoded: Financial Reliability Metric Assessing Borrower's Repayment Potential and Default Risk
A legal terminology analysis of the term "creditworthy" from Black's Law Dictionary and Webster's Dictionary defines it as a financial assessment of a borrower's reliability and potential to repay credit. The term indicates an individual's fiscal health and low probability of default, serving as a key criterion for lenders when evaluating credit extension risks.
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