credit a firm grants to consumers for the purchase of goods or services. Also called retail credit. Bloomberg Financial Dictionary
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consumer credit UK US noun [U] (also personal credit)
► ECONOMICS, FINANCE money that is lent to individual people by banks, stores, etc., in order for them to buy things and pay for them over a period of time: »
Total consumer credit has doubled in the past two years, according to the central bank.
Financial and business terms. 2012.