consumer credit

noun

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

Word History and Origins

Origin of consumer credit¹

First recorded in 1925–30

Example Sentences

Banks have tightened consumer credit standards for three years.

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

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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.

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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.

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Girouard said he has seen “no material deterioration in consumer credit strength” — and better yet, “recent signs of improvement.”

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