# Credit assessment in older documents also Credit rating (appraisal of creditworthiness, credit assessment, credit screening)

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- Post ID: 587362
- Modified: 2023-07-25T21:01:39+00:00
- Language: en

## Definition

Unless otherwise defined, the assessment of a customer's creditworthiness by the bank. This is an inherent responsibility of the institutions, which they have to perform in a competitive environment. The proposed transfer of credit assessment to an authority of whatever kind increases the risk of misallocation of money and thus of scarce resources; these no longer reach the best host (to the most favorable allocation of scarce resources). - See credit, reputation, rating, subsidiarity principle overconfidence. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 2.0.0