consumer credit

Definition of Consumer Credit in English :

1. consumer credit

a line of credit extended for personal or household use

WordNet Lexical Database for English. Princeton University. 2010.

Consumer Credit

noun

economics

the largely unsecured credit extended to consumers for the purchase of goods and services

New consumer credit fell to $3.7 billion in August.

credit extended for buying goods and services for one's personal use through installment plans, charge accounts, short-term loans, etc.

n.

Credit granted to a consumer permitting the use or ownership of goods or services during a term of payment.