Akademik

long-term credit

long-term credit long-term credit ➔ credit¹

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long-term credit UK US noun [U] FINANCE

► borrowed money that does not have to be paid back for at least five years: »Interest rates on long term credit will probably stay where they are, or move a little bit lower.

→ Compare MEDIUM-TERM CREDIT(Cf. ↑medium-term credit), SHORT-TERM CREDIT(Cf. ↑short-term credit)

Financial and business terms. 2012.