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

 

consumer credit

 noun
noun
BrE BrE//kənˌsjuːmə ˈkredɪt//
 
; NAmE NAmE//kənˌsuːmər ˈkredɪt//
 
[uncountable]
 
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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.