consumer credit

noun
Updated on: 15 Nov 2017

Definition of consumer credit

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

Recent Examples of consumer credit from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consumer credit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of consumer credit

1925


Law Dictionary

consumer credit

noun

legal Definition of consumer credit

: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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