Reading Theme:
Credit Score: Definition, Range & Tips
Meaning 1：financial trust rating (credit score)
credit score
/ˈkrɛdɪt skɔːr/
n.
A number that shows how good you are at borrowing money and paying it back on time. A high score means you are trustworthy.
financial trust rating
➕
/fɪˈnænʃəl trʌst ˈreɪtɪŋ/
n.
A numerical indicator of a person's creditworthiness, used by lenders to evaluate the risk of extending credit.
📘 Details & Usage
📖 Root Explanation
Credit (from Latin 'creditum' meaning trust/loan) + score (from Old English 'scora' meaning notch/count). A combined term for a numeric trust rating.
💡 Mnemonic
Think: your 'credit score' is like a financial report card — high grades = low risk for lenders.
📖 Example
She wanted to buy a house, and her excellent credit score helped her get a loan with a low interest rate.
She wanted to buy a house, and her excellent credit score helped her get a loan with a low interest rate.
🔗 Collocations
improve your credit score – to take actions that make your numeric trust rating higher
check your credit score – to review or obtain your creditworthiness number
high credit score – a numeric rating that indicates strong financial reliability
🔄 Synonyms
credit rating (n.) – An evaluation of a person's ability to repay debts, often expressed as a score
creditworthiness (n.) – The quality of being considered likely to pay back borrowed money
FICO score (n.) – A specific type of credit score created by Fair Isaac Corporation
🚫 Antonyms
bad credit (n.) – A low score or negative history that makes borrowing difficult
🌱 Derivatives
credit scoring (n.) – the process of calculating or evaluating a credit score
credit scorer (n.) – an entity (such as a bureau) that generates credit scores
📖 Cultural Story
The term 'credit score' gained widespread use in the 1950s with the introduction of the FICO scoring system by Fair Isaac Corporation, revolutionizing lending decisions.
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