credit policy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “credit policy” in the English Dictionary

"credit policy" in Business English

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credit policynoun [C or U]

uk   us   (plural credit policies)
FINANCE, BANKING, COMMERCE a set of ​principles that a ​financialorganization or ​business uses in deciding who it will ​loanmoney to or give credit (= the ​ability to ​pay for ​goods at a later ​time): Bank ​regulatorsreviewbankcreditpolicies as ​part of their ​regularexaminations. The ​implementation of ​prudentcreditpolicies and modern ​managementtechniques will take the ​company to ​soundhealth.
ECONOMICS a set of ​actions that a ​governmenttakes to ​influence how ​easy or difficult it is to ​borrowmoney: ease/tighten (a) credit policy The U.S. ​currency was bolstered by hopes that Germany would ​ease its ​creditpolicy this month.
(Definition of credit policy from the Cambridge Business English Dictionary © Cambridge University Press)
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“credit policy” in Business English

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