-
- To save this word, you'll need to log in.
consumer credit
noun
: credit granted to an individual especially to finance the purchase of consumer goods or to defray personal expenses
Examples of consumer credit in a Sentence
Recent Examples on the Web
Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart's consumer credit cards.
—CBS News, 25 May 2024
The loans offered by companies including Affirm, Afterpay, Klarna, PayPal and Zip are not typically reported on consumers' credit reports, nor are they reflected in consumer credit scores.
—Kate Gibson, CBS News, 22 May 2024
The only type of mortgage loan that has even ticked up in the past two years are Federal Housing Administration (FHA) loans, according to data released today by consumer credit reporting agency TransUnion.
—Amanda Gerut, Fortune, 16 May 2024
The New York Fed report captures consumer credit data as of Dec. 31, 2023.
—Michelle Singletary, Washington Post, 7 Feb. 2024
See all Example Sentences for consumer credit
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1925, in the meaning defined above
Dictionary Entries Near consumer credit
Cite this Entry
“Consumer credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20credit. Accessed 14 Jun. 2024.
Legal Definition
consumer credit
noun
: credit extended by merchants or banks to finance the purchase of consumer goods (as home appliances) or services (as travel or hotel accommodations) compare consumer debt at debt
More from Merriam-Webster on consumer credit
Britannica.com: Encyclopedia article about consumer credit
Love words? Need even more definitions?
Merriam-Webster unabridged
Share