Business Terms and Jargon Explained

What is Credit Scoring

This is the process of assessing an individual's or business credit-worthiness. The information from an application form is used together with outside sources of information to decide on a score. Certain responses will attract higher scores than others and the total score. This will determine whether the person or business is successful in their application for credit or if they pose a too high a credit risk.

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Safe Letter of request FIO
Relative Wage Flexibility Deferment Account Marketing Mix
Balloon Payment Privacy statement Beneficiary
Chattel Bank of England Ad Valorem
N225 Civil Court form QROPS P11D
Industrial Tax Exemption Win win Licensed Premises
Alimony Enterprise zone CRC32
Overtime Voting right Accounts receivable
Employment rules and regulations Password Joint Application
Backdoor Restraint of trade Default risk
B2C DBS check Team player
Account payee Crown Copyright Waiver Over the Counter
Creative Commons N6 Civil Court form Drop Catch

Term created / updated 2009-07-30 10:25:32

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