Credit Cliff
The worst nickname possible for a banker named Clifton.
Or...a place where automobiles whose owners have defaulted are pushed into an ocean.
Both good guesses. But in finance, a credit cliff is when a firm is on the verge of receiving a downgrade in its credit rating from a rating agency.
This situation can be the result of an immediate short-term disaster—like a firm unable to service all its debts, due to a natural disaster or unforeseen event—or a long-term deterioration of its financial operations that eventually led to its struggle to meet existing and future debt obligations.
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Finance: What is the Equal Credit Opport...6 Views
Finance a la shmoop what is the Equal Credit Opportunity Act? alright people while the
federal government thinks everyone should have the equal opportunity to get [Men in Federal Government appear]
into debt isn't that sweet of them you know that Uncle Sam well he sure does
have a heart of gold this federal law makes it illegal to discriminate against
people who are applying for financing on pretty much anything legal based on
their age gender marital status religious affiliation ethnic or national
background or public assistance benefits your credit score however well that
still matters sorry just keeping it real
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