consumer credit

noun

Definition of consumer credit

  1. :  credit granted to an individual especially to finance the purchase of consumer goods or to defray personal expenses

First Known Use of consumer credit

1925


Law Dictionary

consumer credit

noun

Legal Definition of consumer credit

  1. :  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


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