-
- To save this word, you'll need to log in.
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
See all Example Sentences for consumer credit
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.
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 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
Britannica.com: Encyclopedia article about consumer credit
Love words? Need even more definitions?
Merriam-Webster unabridged
Share