consumer credit agreement
a consumer credit agreement is an agreement under which credit is extended to an individual. Those agreements that are regulated agreements cover extensions of credit up to a statutory limit. These include credit sales, hire-purchase, secured and unsecured loans; they may be bipartite debtor-creditor agreements or tripartite debtor-creditor-supplier agreements.

Collins dictionary of law. . 2001.

Look at other dictionaries:

  • regulated consumer credit agreement — /ˌregjυleɪtɪd kənˌsju:mə kredɪt əˌgri:mənt/ verb a credit agreement according to the Consumer Credit Act …   Dictionary of banking and finance

  • Consumer Credit Act 1974 — United Kingdom Parliament Long title An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the …   Wikipedia

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