consumer debt

noun

: a debt from buying something at a store
Most of his debts are consumer debts.

Examples of consumer debt in a Sentence

Recent Examples on the Web
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The fed funds rate sets what banks charge each other for overnight lending but also influences a variety of consumer debt such as auto loans, credit cards and mortgages. Jeff Cox, CNBC, 18 Dec. 2024 In the United States, where consumer debt has reached over $17 trillion, consumers meeting their financial obligations is critical for maintaining economic stability. Kyle J. Russell, USA TODAY, 16 Oct. 2024 Eliminate High-Interest Debt: Debt, especially high-interest consumer debt, can erode your wealth. Melissa Houston, Forbes, 4 Nov. 2024 New regulatory control through Consumer Duty is making transactions safer for all parties, increasing confidence on all sides and reducing the risk of unpayable consumer debt. Paul Marcantonio, Forbes, 30 Oct. 2024 See all Example Sentences for consumer debt 

Dictionary Entries Near consumer debt

Cite this Entry

“Consumer debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20debt. Accessed 30 Dec. 2024.

Legal Definition

consumer debt

see debt

Last Updated: - Updated example sentences
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