credit grantor

Definition

An individual or company that lends money or allows the use of a valuable property and accepts the risk involved in the transaction. Credit grantors rely on credit reports to make lending decisions about a borrower's ability to repay a loan or honor the agreement.

Use credit grantor in a sentence

Do you know what a credit grantor tends to look at before you are aloud to get a loan for a car?

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You need to try and make sure that you always get back what you are owed any time that you are the credit grantor.

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He gathered all the necessary paperwork to submit with the loan application because the credit grantor would not consider processing it until his credentials were validated.

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