Meaning of the word "financial history" in English

What does "financial history" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

financial history

US /faɪˈnæn.ʃəl ˈhɪs.tər.i/
UK /faɪˈnæn.ʃəl ˈhɪs.tər.i/
"financial history" picture

Noun

a record of an individual's or organization's past borrowing, repayment, and overall economic activity

Example:
The bank reviewed his financial history before approving the loan.
Maintaining a clean financial history is crucial for future investments.