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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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 While 2023 saw a decline in popularity as BNPL received bad press over consumer debt, 2024 appears to be playing host to something of a resurgence. Paul Marcantonio, Forbes, 30 Oct. 2024 The International Monetary Fund (IMF) found that unpaid consumer debt affects everyone through rising costs, inflated interest rates, and economic uncertainty. Kyle J. Russell, USA TODAY, 16 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 23 Dec. 2024.

Legal Definition

consumer debt

see debt

Last Updated: - Updated example sentences
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