consumer credit
4
3.3
- noun
- /kənˈsjuːmər ˈkrɛdɪt/
:
crédito al consumo
- Many people depend on consumer credit to finance their everyday purchases, such as clothing and groceries.
- consumer credit information
Examples
-
First, consumer credit had increased dramatically, as had consumer bankruptcy filings.
Academic text (2017) -
CFPB brings governmental agency regulation and oversight to the underlying systems of consumer credit and finance that may contribute to consumers' financial distress and bankruptcy.
Academic text (2017) -
Well, the surprise is that we actually got a pretty low in total consumer credit monthly change.
-
The other factors that enabled the consumer credit industry to achieve its objectives may have been less expected.
Academic text (2017) -
Banks during this period were convinced that a "consumer credit revolution" was underway.
Blog text (9) -
In this new environment, the incentives for consumer credit providers to join in a collaborative effort may have changed.
Academic text (2017) -
Target recently agreed to sell its consumer credit card portfolio to TD Bank Group.
Blog text (23) -
As mortgage credit quality continues to erode, we expect other consumer credit products.
Blog text (11) -
Consumer credit providers have, indeed, engaged in concerted and largely successful efforts to influence bankruptcy legislation.
Academic text (2017) -
Bankruptcy law necessarily considers the needs of both debtors and creditors, and consumer credit was clearly on the rise.
Academic text (2017)
Synonyms
∞
3.1
An amount of money you can borrow now and pay back later
24
3.1
A plan from a bank that lets you borrow up to a set amount
6
3.7
The largest amount a bank allows you to borrow when needed
2
3.2
Money that a person borrows for personal or family costs and repays with interest
1
3.2
An arrangement with a shop that lets a customer buy now and pay later
A way to buy now at a shop and pay later up to a set limit you can repay anytime
An agreement with a bank that lets a person borrow money up to a set limit when needed
An agreement with a bank that lets a person borrow money up to a set limit when needed
How Large
- Specialized
6
3.7
- US
5
3.0
- Specialized
7
2.6
4
3.3
711
1.0
Surface Forms
Morphology
The meaning 'a line of credit extended to individuals' is directly derivable from combining 'consumer' (an individual who purchases goods) with 'credit' (a financial loan or lending arrangement). This is a straightforward compositional noun-noun compound pattern common cross-linguistically, so a B1 learner who knows both constituents will readily infer the intended meaning.
Etymology
Consumer credit comes from a simple shop image where a shopkeeper lets a consumer take goods now and gives them credit, meaning trust to pay later. So, consumer credit now means a loan or a line of credit for people to buy things for 'personal use', not for business.