Creditworthy - Definition / Legal Terminology - Income Tax

Word creditworthy In Blacks Law Dictionary, Ninth Edition page 426, the word creditworthy has been defined as under:- creditworthy , adj. (1924) (Of a borrower) financially sound enough that a lender will extend credit in the belief default is unlikely; fiscally healthy-creditworthiness. In The New Lexicon Webster s Dictionary, the word creditworthy has been defined as under:- creditworthy, adj. of one who is a good risk as a borrower. CIT (CENTRAL) VERSUS SK. JAIN- [ 2013 (12) TMI 1310 - ALLAHABAD HIGH COURT ]