Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “consumer debt”

consumer debt

noun [U]
 
 
( also consumer indebtedness)
ECONOMICS the amount of money owed by people for things they have bought but not yet paid for: The Bank expressed concerns about the booming housing market and high levels of consumer debt. With consumer debt spiralling to epidemic proportions, we cannot just stand back and do nothing.
(Definition of consumer debt from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of consumer debt?
Add Cambridge dictionaries to your browser to your website

Word of the Day

be as cold as ice

to be extremely cold

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More