| / English Dictionary |
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)
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