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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The Fed’s decisions influence the cost of borrowing, but there are a lot of other factors that go into consumer credit. Ellen Ioanes, Vox, 7 Nov. 2024 National debt has climbed to $35.8 trillion, and consumer credit card debt is at a 20-year high. Frank Holmes, Forbes, 5 Nov. 2024 According to data shared exclusively with Forbes by a personal finance company with access to consumer credit reports, the reports from the three bureaus show virtually no records of any lines of credit from Tomo starting in August 2024. Jeff Kauflin, Forbes, 25 Oct. 2024 Aside from its Liverpool and Suburbia department store chains, the conglomerate operates malls, fashion boutiques, insurance and consumer credit. David Moin, WWD, 4 Sep. 2024 See all Example Sentences for consumer credit 

Word History

First Known Use

1925, in the meaning defined above

Time Traveler
The first known use of consumer credit was in 1925

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 3 Dec. 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

Last Updated: - Updated example sentences
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