Scoring
/ˈskɔːrɪŋ/
Definitions
- (n.) The process of assigning a numerical value or rank to evaluate creditworthiness, risks, or assets in legal and financial contexts.
The scoring of a borrower's credit history determines loan approval.
- (n.) The tally or calculation of points or marks used in legal arbitration or dispute resolution to assess compliance or liability.
The scoring of damages was essential for settlement negotiations.
Related terms
See also
Commentary
In legal contexts, 'scoring' often relates to quantitative assessments used in decision-making, especially in finance or dispute resolution. Ensure clarity about the scoring subject to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.