What does consumer credit mean?
Definitions for consumer credit
con·sumer cred·it
This dictionary definitions page includes all the possible meanings, example usage and translations of the word consumer credit.
Princeton's WordNet
consumer creditnoun
a line of credit extended for personal or household use
Wiktionary
consumer creditnoun
Credit extended to an individual for the purchase of consumer goods and services.
Wikipedia
consumer credit
Credit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.
ChatGPT
consumer credit
Consumer credit refers to a type of debt provided to individuals to enable them to purchase consumer goods or services immediately and pay off the debt over time. This could include credit extended through credit cards, personal loans, overdrafts, installment loans, and lines of credit. The repayment usually involves interest or additional charges. The terms and conditions of consumer credit are often outlined in a credit agreement.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of consumer credit in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of consumer credit in Pythagorean Numerology is: 5
Translations for consumer credit
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"consumer credit." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/consumer+credit>.
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