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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
Today, most consumer credit acquisition flows through specialized brokers rather than direct lender channels.
—Boaz Sobrado, Forbes, 30 Nov. 2024
Americans are slowing down on their credit card purchases, according to recent data from the Federal Reserve’s consumer credit report.
—Rachel Dalloo, Quartz, 8 Oct. 2024
The Fed’s decisions influence the cost of borrowing, but there are a lot of other factors that go into consumer credit.
—Ellen Ioanes, Vox, 7 Nov. 2024
National debt has climbed to $35.8 trillion, and consumer credit card debt is at a 20-year high.
—Frank Holmes, Forbes, 5 Nov. 2024
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Word History
First Known Use
1925, in the meaning defined above
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 21 Dec. 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
Britannica.com: Encyclopedia article about consumer credit
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