Consumer credit is money that is lent to people by organizations such as banks, building societies, and shops so that they can buy things.
New consumer credit fell to $3.7 billion in August.
consumer credit in British English
(kənˈsjuːmə ˈkrɛdɪt)
noun
economics
the largely unsecured credit extended to consumers for the purchase of goods and services
New consumer credit fell to $3.7 billion in August.
consumer credit in American English
US
credit extended for buying goods and services for one's personal use through installment plans, charge accounts, short-term loans, etc.
Examples of 'consumer credit' in a sentence
consumer credit
He then expanded his operations into money transfer, consumer credit and software.
Times, Sunday Times (2013)
Miss Bright purchased a consumer credit report and contacted one of our underwriters explaining that she didn't see any areas of concern in the report.
Times, Sunday Times (2011)
In other languages
consumer credit
British English: consumer credit NOUN
Consumer credit is money that is lent to people by organizations such as banks, building societies, and shops so that they can buy things.