CREDIT GLOSSARY
FICO
FICO Credit Score
A consumer credit score generated using a FICO scoring model.
What does FICO mean?
A consumer credit score generated using a FICO scoring model. Professionals may calculate, document or apply this concept differently depending on the transaction, accounting method, lender policy and governing documents. Borrowers should confirm the precise definition used in any term sheet or agreement.
FICO in context
A lender may review an owner's FICO score as one part of business-loan underwriting.
Why it matters in financing
FICO can influence how a lender, investor or advisor evaluates risk, pricing, structure, repayment capacity or transaction economics. It should be considered together with the complete financial picture rather than used alone.
Related credit terms
Educational information only. This definition is general, may not match a particular lender or contract, and is not financial, accounting, tax or legal advice.