CONSUMER CREDIT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A line of credit extended for personal or household use

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("consumer credit" is a kind of...):

bank line; credit line; line; line of credit; personal credit line; personal line of credit (the maximum credit that a customer is allowed)

Hyponyms (each of the following is a kind of "consumer credit"):

equity credit line; home equity credit; home equity loan; home loan (a loan secured by equity value in the borrower's home)

installment credit; installment loan (a loan repaid with interest in equal periodic payments)

charge account credit; open-end credit; revolving credit (a consumer credit line that can be used up to a certain limit or paid down at any time)

Credits