In economics, consumer debt is outstanding debt of consumers, as opposed to that of businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate. In recent years, an alternative analysis might view...
Found on
http://en.wikipedia.org/wiki/Consumer_debt
Money owed by people in the form of loans from banks or purchase agreements from retailers, such as 'buy now pay later'
Found on
http://www.encyclo.co.uk/local/22643
No exact match found.
