FINANCE|financial institutions and credit
- fiach tomhaltóirí Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- fiachas tomhaltóirí Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- consumer debt
- en
- Definition amount owed by consumers at any time as the result of past acceptance of consumer credit Reference """consumer debt"" A Dictionary of Economics. John Black, Nigar Hashimzade, & Gareth Myles. Oxford University Press (OUP), 2009. Oxford Reference Online. OUP. DGT. http://www.oxfordreference.com/views/ENTRY.html?subview=Main&entry=t19.e539 [26.1.2010]"
- Comment The amount of consumer debt rises each month through new purchases on credit, and the addition of interest payable on existing debt; it falls each month through repayments, and the writing-off by creditors of bad debts which they have given up hope of collecting, where debtors are dead, bankrupt, or untraceable.