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Consumer credit |
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Consumer creditCredit a firm grants to consumers for the purchase of goods or services. Also called retail credit.Consumer credit Similar MatchesChange in consumer surplusChange in consumer surplusThe change in consumer surplus due to a change in market conditions, usually a price change. For a price change, it is measured by the area to the left of the demand curve between the two prices, indicating a gain if price falls and a loss if it rises. Consumer surplusConsumer surplusThe difference between the maximum that consumers would be willing to pay for a good and what they actually do pay. For each unit of the good, this is the vertical distance between the demand curve and price. For all units purchased at some price, it is the area below the demand curve and above the price. Normally useful only as the change in consumer surplus. Consumer Credit Protection Act of 1968Consumer Credit Protection Act of 1968Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending. Consumer debentureConsumer debentureAn investment note issued directly to the public by a financial institution. Consumer Price IndexConsumer Price IndexThe CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month. Further SuggestionsConsumer finance companyConsumer price index consumer price index Consumer goods Consumer interest Consumer durables Consumer movement Consumer Advisory Council (CAC) Consumer support estimate consumer durables National Foundation for Consumer Credit |
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