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

What is understood by most economists, however, is that a federal rate cap would function as a price control for the consumer credit markets.

From Barron's

The economics calendar includes weekly jobless claims and the latest readings on the trade deficit and productivity, with consumer credit data set for release at 3 p.m.

From MarketWatch

The week ahead is relatively quiet for U.K. data, with focus on consumer credit and mortgage lending data for November due on Monday.

From The Wall Street Journal

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