noun
a line of credit extended for personal or household use
• Hypernyms: ↑credit line, ↑line of credit, ↑bank line, ↑line, ↑personal credit line, ↑personal line of credit
• Hyponyms:
↑home loan, ↑home equity credit, ↑home equity loan, ↑equity credit line, ↑installment credit, ↑installment loan, ↑open-end credit, ↑revolving credit, ↑charge account credit
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noun : credit (as a charge account or installment loan) that is granted to an individual especially to finance the purchase of consumer goods or defray personal or family expenses and is usually repaid in installments
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credit extended by a retail store, bank, finance company, or other lender, chiefly for the purchase of consumer goods.
[1925-30]
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consumer credit,
credit given to the consumer while he is in possession and use of an article which he has bought on credit or on an installment plan: »
Consumer credit is…indispensable for the distribution of the more expensive items in the mass-production-mass-consumption equation which underlies the American standard of living (Harper's).
Useful english dictionary. 2012.