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Credit system   /krˈɛdət sˈɪstəm/   Listen
Credit system

noun
1.
A system for allowing people to purchase things on credit.



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"Credit system" Quotes from Famous Books



... mighty empire, a cosmopolitan Stock Exchange, intimate business connections throughout the whole world, cheap money, a free gold market, steady exchanges, an almost unlimited market for capital and an excellent credit system, an elastic system of company legislation, a model Insurance organisation and the help of Germans, these are the factors that have created England's financial supremacy. Perhaps we have omitted one other factor, the errors and omissions ...
— War-Time Financial Problems • Hartley Withers

... "Barbie and surrounding neighbourhood" as ever it had in North and Middle England. The "Scotch cuddy" is so called because he is a beast of burden, and not from the nature of his wits. He is a travelling packman, who infests communities of working-men, and disposes of his goods on the credit system, receiving payment in instalments. You go into a working-man's house (when he is away from home for preference), and laying a swatch of cloth across his wife's knee, "What do you think of that, mistress?" you inquire, watching the effect keenly. Instantly all her covetous heart is in her eye, ...
— The House with the Green Shutters • George Douglas Brown

... In the North the farmer raises his crop on his own capital, and turns it over unencumbered to the merchant for the public. The credit system prevails in the agriculture of the South, and brings another precarious element into the already hazardous occupation of cotton-growing. A new party appears in the cotton-merchant. He is not merely the broker, yielding the proceeds, less a commission, ...
— Lippincott's Magazine of Popular Literature and Science, Vol. 11, - No. 22, January, 1873 • Various

... That the unrestricted credit system pervading the States here represented, based upon liens and mortgages on stock and crops to be grown in the future, followed by a failure of that crop, has provoked distrust, created unrest, and disturbed their entire laboring population. ...
— The Journal of Negro History, Volume 4, 1919 • Various



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