\kwˈɒlɪfˌa͡ɪɪŋ ɹˈe͡ɪʃɪˌə͡ʊz], \kwˈɒlɪfˌaɪɪŋ ɹˈeɪʃɪˌəʊz], \k_w_ˈɒ_l_ɪ_f_ˌaɪ_ɪ_ŋ ɹ_ˈeɪ_ʃ_ɪ__ˌəʊ_z]\
Definitions of QUALIFYING RATIOS
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The steps that are taken in order to determine if an individual meets the requirements of a lending institution for a loan. It also assesses their ability to pay of the loan in the future. The ratios exist between the money the person has to repay to the financial insititution compared with the money they are able to earn.
By Henry Campbell Black
Word of the day
- mis-tr[=i]st', v.t. (Scot.) to disappoint by not keeping an engagement: deceive.