| 单词 | credit rationing |
| 释义 | credit rationing Non-price restriction of loans. This takes place when lenders will not make loans to all applicants willing to pay the interest rate demanded, even though they satisfy all collateral requirements and other tests of credit-worthiness. The absence of credit rationing does not mean that lenders simply announce an interest rate and grant loans at it to all comers. There is an unlimited supply of fools and rogues, who would accept on any terms loans which they would be unable or unwilling to repay. Loans of this sort are reduced to acceptable proportions by collateral requirements and other tests of credit-worthiness. These tests are not infallible, however, so lenders may prefer to ration credit rather than raise interest rates to clear the market for loans. They will do this if they believe that a higher interest rate would lead to a worse incidence of bad debts than a lower interest rate which produces excess demand for loans. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。