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Credit system   /krˈɛdət sˈɪstəm/   Listen
Credit system

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



Related search:
Farm Credit System


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"Credit system" Quotes from Famous Books



... that dared or could take the place of that of the companies. Elsewhere, in Paris for instance, new districts have been erected and embellishments have been carried out with the capital of the country—the money saved by dint of thrift. But in Rome all was built on the credit system, either by means of bills of exchange at ninety days, or—and this was chiefly the case—by borrowing money abroad. The huge sum sunk in these enterprises is estimated at a milliard, four-fifths of which was ...
— The Three Cities Trilogy, Complete - Lourdes, Rome and Paris • Emile Zola
... the National Assembly, to explain the advantages of this new currency, issued an address to the French people. In this address it spoke of the nation as "delivered by this grand means from all uncertainty and from all ruinous results of the credit system." It foretold that this issue "would bring back into the public treasury, into commerce and into all branches of industry strength, ...
— Fiat Money Inflation in France - How It Came, What It Brought, and How It Ended • Andrew Dickson White


Words linked to "Credit system" :   Farm Credit System, system


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