Worthiness of belief; that quality in a witness which renders his evidence worthy of belief. After the competence of a witness is allowed, the consideration of his credibility arises, and […]

Worthy of belief; entitled to credit. See COMPETENCY.

One who is trustworthy and entitled to be believed; in law and legal proceedings , one who is entitled to have his oath or affidavit accepted as reliable, not only […]

One who, being competent to give evidence, is worthy of belief. Peck v. Chambers, 44 W. Va. 270, 28 S. E. 706; Savage v. Bulger (Kyj 77 S. W. 717: […]

The statement in a pleading or affidavit that one is ” credibly informed and verily believes” such and such facts, means that, having no direct personal knowledge of the matter […]

1. The ability of a business man to borrow money, or obtain goods on time, In consequence of the favorable opinion held by the community, or by the particular lender, […]

A government policy of controlling aggregate economic demand by restricting access to credit, generally by influencing INTEREST RATES, limiting the total amount of speculative lending, and setting minimum RESERVE requirements […]

An analytic model that is used to determine credit losses based on the probability a COUNTERPARTY will DEFAULT at a future time. A credit default model does not model losses […]

The RISK of loss arising from a COUNTERPARTY

An OVERTHECOUNTER DERIVATIVE with an UNDERLYING reference that is based on the credit performance of a reference COUNTERPARTY . Credit derivatives are available in various forms, including the BASKET SWAP […]

A company or corporation formed for the purpose of carrying out improvements , by means of loans and advances on real estate security.

A single period OVERTHECOUNTER FORWARD contract that generates a payoff based on the difference between an agreed CREDIT SPREAD (or price) and the terminal credit spread (price) of a creditrisky […]

Credit in the English sense of the term, or more particularly, the security for a loan or advancement .

An analytic model that is used to determine credit losses based on the probability of a COUNTERPARTY

A company or association formed for carrying on a banking business, or for the construction of pub- lie works, building of railroads, operation of mines, or other such enterprises, by […]

A general model that estimates credit losses arising from deterioration and DEFAULT in creditrisky PORTFOLIOS. Since the model examines portfolio losses, the analytics rely on default CORRELATION estimates between COUNTERPARTIES […]

a rating given to a person that concerns the reliability of a person of paying their debts. They are based on present and past history.

A contra account that is used to fund EXPECTED CREDIT LOSSES. Reserves are established by deducting required amounts from operating revenues or current income, and are used when a COUNTERPARTY […]

(1) A measure of the RISK PREMIUM a creditrisky corporate or sovereign entity must pay to attract CAPITAL. The spread is generally quoted against a riskfree BENCHMARK, such as a […]

An OVERTHECOUNTER OPTION that generates a payoff based on the difference between a CREDIT SPREAD (or price) and a predefined STRIKE PRICE . In standard form credit options generate a […]

The RISK of loss arising from a deterioration in an entity

An attachment to the MASTER AGREEMENT framework set forth by the INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION that defines credit terms between two COUNTERPARTIES, including credit thresholds, COLLATERAL requirements , and […]

a non-profit financial corporation that is organised for the purpose of obtaining credit for its members.

A person to whom a debt Is owing by another person, called the “debtor.” Mohr v. Elevator Co., 40 Minn. 343, 41 N. W. 1074; Woolverton v. Taylor Co., 43 […]

One who has not established his debt by the recovery of a judgment or has not otherwise secured a lien on, any of the debtor’s property. U. S. v. Ingate […]