(banking, economics) Credit extended to an individual for the purchase of consumer goods and services.

plural of credit crunch

A method of payment in which an amount of money (credit) is transferred directly from one account to another, in the same or different bank

(finance) An estimate, based on a company, government or person's history of borrowing and repayment or available financial resources, that is used by creditors to determine the maximum amount of credit that can be extended without undue risk.

(finance) A significant default on a financial instrument or some other financial occurrence, such as bankruptcy, restructuring, repudiation, or moratorium, or failure to pay some other obligation, such as taxes.

plural of credit score

(finance) A measure of credit risk, usually for a consumer, calculated from credit information using a standardized formula.

plural of credit reference

(education, academics) A unit for measuring the amount of academic studies; exact definition varies by learning institution. Typically, there is a minimum number of course credits required as precondition for graduation.

(politics, economics) a political and economic philosophy originated by C. H. Douglas which envisages an "aristocracy of producers, serving and accredited by a democracy of consumers".