BAD CREDIT Definition

Bookmark and Share

BAD CREDIT is a term used to describe a poor credit rating. Common practices that can damage a credit rating include making late payments, skipping payments, exceeding credit card limits or declaring bankruptcy. Bad credit can result in being denied credit.

Learn new Accounting Terms

ADJUSTABLE RATE MORTGAGE (ARM) is A mortgage that features predetermined adjustments of the interest rate at regular intervals. An ARM's interest rate is tied to an index outside the control of the lender.

RECEIPT is a written acknowledgment that a specified article, sum of money, or shipment of merchandise has been received.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.