# Ban on credit (credit blocking)

- Canonical URL: https://www.gerhardmerk.de/ban-on-credit-credit-blocking
- Post ID: 591526
- Modified: 2023-07-25T21:00:14+00:00
- Language: en

## Definition

A bank temporarily or completely stops payments to a customer under a loan agreement because, as a rule, facts have become known that call into question the creditworthiness of the borrower. - In the course of the debt brake, the temporary prohibition of the state from taking out new loans - even those already approved by parliament. - See loan, revoked, downgrade trigger clause, third-party default clause, first-loss clause, event of default, credit scoring procedure, credit crunch, credit quality, overconfidence, forfeiture clause. 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