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SourceLaw Dictionary Browse Letter C

Credit Scoring

Legal definition for Indian law research

Definition

Credit scoring, means a system which enables a credit institution to assess the credit worthiness and capacity of a borrower to repay his loan and advances and discharge his other obligations in respect of credit facility availed or to be availed by him [Credit Information Companies (Regulation) Act, 2005 (30 of 2005), s. 2(g)

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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