What is the definition of Ability to pay? | Dictionary.net

ABILITY TO PAY

\ɐbˈɪlətˌi tuː pˈe͡ɪ], \ɐbˈɪlətˌi tuː pˈe‍ɪ], \ɐ_b_ˈɪ_l_ə_t_ˌi t_uː p_ˈeɪ]\

Definitions of ABILITY TO PAY

1910 - Black's Law Dictionary (2nd edition)

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An individuals ability to manage their disposable income to pay a tax or loan. This is called capacity and is a deciding factor in loan decision. It is also called the five C's of credit and fixed charge coverage ratio.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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