[ mahy-kroh-kred-it ]
/ ˈmaɪ kroʊˌkrɛd ɪt /
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the lending of very small amounts of money at low interest, especially to a start-up company or self-employed person.
THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?
Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.
Question 1 of 7
In the UK, COTTON CANDY is more commonly known as…
Also called mi·cro·lend·ing [mahy-kroh-len-ding] /ˈmaɪ kroʊˌlɛn dɪŋ/ .
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
British Dictionary definitions for microcredit
/ (ˈmaɪkrəʊˌkrɛdɪt) /
the practice of lending small amounts of money on minimal security, esp to help small businesses and communities in the developing world
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012