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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 See all Example Sentences for consumer credit 

Word History

First Known Use

1925, in the meaning defined above

Time Traveler
The first known use of consumer credit was in 1925

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 22 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

Last Updated: - Updated example sentences
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