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English definition of “credit policy”

credit policy

noun [C or U]
 
 
(plural credit policies)
FINANCE, BANKING, COMMERCE a set of principles that a financial organization or business uses in deciding who it will loan money to or give credit (= the ability to pay for goods at a later time): Bank regulators review bank credit policies as part of their regular examinations. The implementation of prudent credit policies and modern management techniques will take the company to sound health.
ECONOMICS a set of actions that a government takes to influence how easy or difficult it is to borrow money: ease/tighten (a) credit policy The U.S. currency was bolstered by hopes that Germany would ease its credit policy this month.
(Definition of credit policy from the Cambridge Business English Dictionary © Cambridge University Press)
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