consumer debt

English - English

Definition of consumer debt in English English dictionary

A loan to an individual for a noncommercial purpose

Debt incurred for items that aren't considered tangible investments such as credit card debt, car loans, and personal loans made by family members

Primarily credit card receivables, automobile loans, mobile home loans, revolving home equity lines of credit, and other installment loans

Debt incurred for consumable or depreciating non-investment assets Items include credit card debt, store-financed consumer purchases, car loans, and family loans that will be repaid

Hyphenation

con·sum·er debt

Turkish pronunciation

kınsumır det

Pronunciation

/kənˈso͞omər ˈdet/ /kənˈsuːmɜr ˈdɛt/