credit score

credit score definition - business

credit score

A number calculated from information in a person's credit report that indicates how likely that person is to pay his or her bills. The higher the score (the range is generally 300 to 850), the better a person's credit history. A credit score affects a person's ability to get credit, and it affects the interest rate that is charged when credit is made available.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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