LQI requires that if new debt is discovered when the credit is reviewed, that it be disclosed on the final application. New debt is not limited to a new credit card you used to purchase appliances, it could be that you made a charge on an existing credit card that increased your monthly payment.
excitation. an act of irritation or stimulation; a condition of being excited or of responding to a stimulus; the addition of energy, as the excitation of a molecule by absorption of photons. anomalous atrioventricular excitation Wolff-Parkinson-White syndrome.
Wiktionary (0.00 / 0 votes) Rate this definition: elicit (Verb). To evoke, educe (emotions, feelings, responses, etc.); to generate, obtain, or provoke as a response or answer. elicit (Verb). To draw out, bring out, bring forth (something latent); to obtain information from someone or something.iktionary (0.00 / 0 votes) Rate this definition: elicit (Verb). To evoke, educe (emotions, feelings, responses, etc.); to generate, obtain, or provoke as a response or answer. elicit (Verb). To draw out, bring out, bring forth (something latent); to obtain information from someone or something.