(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.

A doctrine that, under capitalism, purchasing power is not sufficiently in the hands of those who spend the money, and that the governmental should control retail prices and see to the distribution of national dividends to consumers.

plural of credit limit

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

plural of credit score

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

(finance) A document of the history and current status of a borrower's credit standing, and may include identifying information, credit information, public records information, recent inquiries and credit score.

plural of credit reference

(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".

(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.