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Consumer Credit
(redirected from Credit (finance))

    Also found in: Legal, Encyclopedia, Wikipedia 0.01 sec.
Consumer Credit
A debt that someone incurs for the purpose of purchasing a good or service.

Notes:
A mortgage for purchasing a house is technically not consumer credit. However, the 52 inch television you put on your credit card is a great example.

See also: Credit, Debt
Consumer credit
Credit a firm grants to consumers for the purchase of goods or services. Also called retail credit.
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