Sure! Let’s break down the word "creditworthy."
Creditworthy (adjective) means that a person or organization is considered reliable and trustworthy when it comes to borrowing money. This usually means they have a good credit history and are likely to pay back their debts on time.
You can use "creditworthy" to describe someone who is seeking a loan or credit. If a bank thinks you are creditworthy, it means they believe you will pay back the money you borrow.
In finance and banking, "creditworthiness" is often assessed using credit scores, which are numerical representations of a person's credit history. A higher score usually indicates that a person is more creditworthy.
While "creditworthy" generally refers to financial reliability, it can sometimes be used more broadly to describe someone or something that is trustworthy or dependable in other contexts.
While "creditworthy" itself doesn't have specific idioms or phrasal verbs directly associated with it, here are a couple of phrases related to credit: - "In good standing": This means someone has maintained their credit obligations well, similar to being creditworthy. - Example: "She is in good standing with her credit card company."
In short, "creditworthy" describes someone who is considered a responsible borrower, and it’s an important term in finance.