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 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):

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)