consumer credit

consumer credit definition - business

consumer credit

Short-term loans to individuals for purchasing goods and services for personal and household use. Credit card debt, vehicle leases, and installment loans are examples of consumer credit.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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