extended credit

/ɪkˌstendɪd 'kredɪt/ noun
1. credit allowing the borrower a very long time to pay
We sell to Australia on extended credit.
2. US an extra long credit used by commercial banks borrowing from the Federal Reserve

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • extended credit — ➔ credit1 * * * extended credit UK US noun [U] ► FINANCE money that is lent for a longer period of time than is usual or than was originally agreed: »The airline asked for extended credit from three to six months. »Small businesses are less… …   Financial and business terms

  • extended credit — noun A form of purchase where the goods become the property of the buyer immediately, as opposed to hire purchase where ownership is not transferred until the last payment is made • • • Main Entry: ↑extend …   Useful english dictionary

  • extended credit — /ɪkˌstendɪd kredɪt/ noun credit allowing the borrower a very long time to pay ● We sell to Australia on extended credit …   Marketing dictionary in english

  • credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …   Financial and business terms

  • Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …   Financial and business terms

  • credit terms — The conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period. Bloomberg Financial Dictionary * * * credit terms credit terms ➔ term1 * * * credit terms UK US noun… …   Financial and business terms

  • credit man — noun : one who investigates the financial standing of an individual or a firm to determine what credit should be extended * * * credit man, an employee in a business establishment who fixes the amount of credit to be allowed to customers …   Useful english dictionary

  • Credit insurance — is a term used to describe both business credit insurance (a.k.a. trade credit insurance) and consumer credit insurance, e.g., credit life insurance, credit disability insurance (a.k.a. credit accident and health insurance), and credit… …   Wikipedia

  • Credit rationing — refers to the situation where lenders limit the supply of additional credit to borrowers who demand funds, even if the latter are willing to pay higher interest rates. It is an example of market imperfection, or market failure, as the price… …   Wikipedia

  • credit limit — noun The maximum amount of credit extended to an individual or business • • • Main Entry: ↑credit * * * credit limit UK US noun [countable] [singular credit limit plural …   Useful english dictionary

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