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
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 More specifically, unpaid debt drives up the cost of credit, hinders business investment, and damages consumer credit scores. Kyle J. Russell, USA TODAY, 16 Oct. 2024 The forecast considers economic indicators such as employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. Jessica Mathews, Fortune, 15 Oct. 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 10 Nov. 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
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!