Impaired credit

Impaired Credit
The deterioration of a borrower's credit rating.
Notes:
Any weakening of a company's finances will cause an impairment of credit. Consequently, it results in a reduction of the credit offered by lenders.

IMPAIRED CREDIT - Result of a borrower's reduced credit rating.
IMPAIRED GOODWILL - the recognition of the reduction in value of the intangible asset known as goodwill...

Impaired credit
The lowering or lessening of a borrower's credit rating.
Implied call
The right of the homeowner to prepay, or call, the mortgage at any time.

impaired credit The result of a reduction in the credit rating of a borrower. impairment The amount by which stated capital is reduced by distributions and losses.

Impaired Credit - This refers to the credit rating of an individualwho may have CCJs or maybe behind with payments to personal loans or amortgage. This phrase is also applicable to someone who has been declaredbankrupt.

When a company's total capital is less than the par value of all its capital stock.
Impaired credit
Result of a borrower's reduced credit rating.
Imperfect market ...

- ie they are between prime and sub-prime in terms of credit risk. Typically they may be "low doc" - ie there is little or no documentary evidence of the borrower's income, have a high loan to value ratio and the borrower may have an impaired credit ...

See also: Expense, Impaired capital, Banks, Internal audit, Funding