consumer credit agreement

consumer credit agreement
a consumer credit agreement is an agreement under which credit is extended to an individual. Those agreements that are regulated agreements cover extensions of credit up to a statutory limit. These include credit sales, hire-purchase, secured and unsecured loans; they may be bipartite debtor-creditor agreements or tripartite debtor-creditor-supplier agreements.

Collins dictionary of law. . 2001.

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Look at other dictionaries:

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