Definition of «qualifying purposes»

"Qualifying purposes" refers to reasons or conditions that have been determined as suitable or acceptable for a specific situation or goal.

Lenders are allowed to increase this income for qualifying purposes by 25 percent. (themortgagereports.com)
The entire account may be withdrawn for other qualified purposes prior to retirement, as well. (financialducksinarow.com)
If a payment is provided on the credit report, that amount can be used for qualifying purposes. (kentuckymortgage.wordpress.com)
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