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Meaning / Definition of
Credit Rating
Categories: Business and Management, Loan and Mortgage, Credit and Debt, Fundamental Analysis,
Ratings agencies give assessments to a borrowers debt according to their safety based on their creditworthiness, in other words if they can pay back loans and sustain their debt.
Ratings range from AAA, the safest, down to D, a company that has already defaulted their loans. Ratings of BBB- or higher are considered as "investment grade". Below that level, they are known as junk.
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Definition / Meaning of
Home Equity
Categories: Credit and Debt, Real Estate, Legal, ,
The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.
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