Decrease and Qualification

noun

• A change downward.
  • usage: "there was a decrease in his temperature as the fever subsided"; "there was a sharp drop-off in sales"
  • synonyms: lessening, drop-off
• A process of becoming smaller or shorter.
  • synonyms: decrement
• The amount by which something decreases.
  • synonyms: decrement
• The act of decreasing or reducing something.
  • synonyms: diminution, reduction, step-down

verb

• Decrease in size, extent, or range.
  • usage: "The amount of homework decreased towards the end of the semester"; "The cabin pressure fell dramatically"; "her weight fell to under a hundred pounds"; "his voice fell to a whisper"
  • synonyms: diminish, lessen, fall
• Make smaller.
  • usage: "He decreased his staff"
  • synonyms: lessen, minify

• (v.t.) To cause to grow less; to diminish gradually; as, extravagance decreases one's means.
• (v.) A becoming less; gradual diminution; decay; as, a decrease of revenue or of strength.
• (n.) To grow less, -- opposed to increase; to be diminished gradually, in size, degree, number, duration, etc. or in strength, quality or excellence; as, they days decrease in length from June to December.
• (v.) The wane of the moon.

noun

• An attribute that must be met or complied with and that fits a person for something.
  • usage: "her qualifications for the job are excellent"; "one of the qualifications for admission is an academic degree"; "she has the makings of fine musician"
  • synonyms: making
• The act of modifying or changing the strength of some idea.
  • usage: "his new position involves a qualification of his party's platform"
• A statement that limits or restricts some claim.
  • usage: "he recommended her without any reservations"
  • synonyms: reservation

• (n.) The act of limiting or the state of being limited; that which qualifies by limiting; modification; restriction; hence, abatement; diminution; as, to use words without any qualification.
• (n.) The act of qualifying or the condition of being qualified.
• (n.) That which qualifies; any natural endowment or any acquirement, which fits a person for a place, office or employment or which enables him to sustian any character with success; an enabling quality or circumstance; requisite capacity or possession.

Qualification is the process of determining whether a prospective borrower has the ability, meaning sufficient assets and income, to repay a loan. Qualification is sometimes referred to as "pre-qualification" because it is subject to verification of the information provided by the applicant. Qualification is short of approval because it does not take account of the credit history of the borrower. Qualified borrowers may ultimately be turned down because, while they have demonstrated the capacity to repay, a poor credit history suggests that they may be unwilling to pay.