Credit Reference Agencies

Banker's Reference (Status Enquiry)
A banker's reference, also known as a status enquiry, is a report on the creditworthiness of an individual supplied by a bank to a third party. Such reports are often used by financial institutions or customers seeking insight into the financial reliability of individuals or entities.
Credit Rating
An assessment of the creditworthiness of an individual or a firm, indicating the extent to which they can safely be granted credit. It is a crucial element in financing and investing decisions.

Accounting Terms Lexicon

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