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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
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
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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 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
Britannica.com: Encyclopedia article about consumer credit
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