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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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