rating agency
A company that studies how likely a borrower is to pay back their debts and gives them a grade, similar to how a teacher grades a student. Examples include Moody's and S&P Global Ratings.
A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.
Words beside it
- credit rating
A credit rating is a letter grade assigned by a private company that studies how likely a borrower is to repay its debts. A higher grade means the borrower is considered safer and a lower grade means there is more chance they might not pay.
- Net operating income (NOI)
A property's rent minus operating costs, before the mortgage.
- separating business and personal money
This means keeping a business's money in its own bank account and card, apart from your own. Money only moves between them on purpose, with a note about why.
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