The minimum need lenders use for credit approvals. It is based on FICO scoring systems. The score changes from one lender to another based on each institution. The party in need may get lending from another institution.

More On This Topic

Link to This Definition
Did you find this definition of CUT-OFF SCORE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary