consumer credit

Definitions of consumer credit
  1. noun
    a line of credit extended for personal or household use
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    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
    charge account, credit account, open account
    credit extended by a business to a customer
    charge card, charge plate, credit card, plastic
    a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered
    debit card
    a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account
    smart card
    a plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor; typically used to perform financial transactions
    check overdraft credit, overdraft credit
    credit provided by a bank in honoring a customer's overdrafts
    type of:
    bank line, credit line, line, line of credit, personal credit line, personal line of credit
    the maximum credit that a customer is allowed
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