(taxation) A welfare benefit in the United Kingdom, replacing previous benefits and tax credits, gradually rolled out from 2013 and expected to cover the whole country by the end of 2024.

extra interest charged to borrowers with a bad credit rating

plural of credit line

plural of credit mule

A victim of fraud persuaded to use his own name and information to obtain an expensive item with credit contract attached, such as a smartphone. The victim, or "mule," is paid when he gives the item to the fraudster, and he is assured the contract will be cancelled, but it is not. Thus, the victim acquires a debt while the fraudster can sell the item at a large profit.

Exploitation of a credit mule to perform a fraud.

A commercial document issued by a seller to a buyer to cancel part or all of an earlier invoice.

(finance) The risk of loss due to a debtor's non-payment or delayed payment of a financial obligation, such as an account payable, a loan or other line of credit.

Any form of credit that does not have a fixed number of payments.

(economics, finance) A period of economic crisis in which credit and investment capital are difficult to obtain.