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No proof of creditworthiness.
Now, the S.E.C. will enforce a new standard of creditworthiness.
Paulson's plan streamlines and simplifies the process by creating rough-and-ready definitions of creditworthiness.
The financial system, they say, faces a crisis not of creditworthiness, but of liquidity.
Maria Otero, the fund's president, said her group had a broader definition of creditworthiness.
The company divides buyers into three tiers of creditworthiness; only those at the top qualify for the full zero treatment.
Since the 1970s, federal statutes and regulations have mandated that debt issuers obtain ratings as evidence of creditworthiness.
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Because of fears of the creditworthiness of many power traders, the deals being struck are generally short term, for less than two years.
This month S&P, an international ratings agency, published its first ratings of the creditworthiness of universities.
Bond ratings are grades given to bonds on the basis of the creditworthiness of the government, municipality, or corporation issuing them.
Meanwhile, lenders were so fearful of the creditworthiness of even the largest banks that they were increasingly unwilling to extend credit, even on short-term overnight loans.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com