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.
But these debts are one of the fastest-growing sources of consumer credit outside of mortgage lending. Jessica Dickler, CNBC, 24 Jan. 2025 Statistics show that there has been a significant increase in the level of outstanding consumer credit card balances. Elliot Raphaelson, Orlando Sentinel, 9 Jan. 2025 The success of this approach challenges conventional wisdom about consumer credit pricing. Boaz Sobrado, Forbes, 22 Dec. 2024 But unlike consumer credit and debit cards, SNAP EBT cards lack security features such as microchips or tap-to-pay technology. Elizabeth Chuck, NBC News, 17 Dec. 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 3 Feb. 2025.

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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