Definition of consumer credit noun from the Oxford Advanced Learner's Dictionary


consumer credit

BrE BrE//kənˌsjuːmə ˈkredɪt//
; NAmE NAmE//kənˌsuːmər ˈkredɪt//
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money that is lent to individual customers to buy goods and services, rather than to businesses Credit unions have an important role in providing low-cost, community-controlled consumer credit.