consumer credit

American  

noun

1. credit extended by a retail store, bank, finance company, or other lender, chiefly for the purchase of consumer goods.

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Etymology

Origin of consumer credit

First recorded in 1925–30

Example Sentences

Banks have tightened consumer credit standards for three years.

From Barron's

Stage One was to apply a formula that had been dreamed up to cope with corporate credit risk to consumer credit risk.

From Literature

Slowing growth, market volatility and uncertainty among employers could potentially lead to worsening consumer credit performance, he said.

From MarketWatch

Under the terms of the proposed settlement, cards would be grouped into three broad categories: commercial cards, premium consumer credit cards and standard credit cards.

From MarketWatch

Brookfield also acquired a majority stake in Angel Oak, an Atlanta-based asset manager operating as Angel Oak Capital Advisors and focused on residential mortgages and consumer credit.

From The Wall Street Journal