| 单词 | credit policy |
| 释义 | credit policy credit policy noun [U,C]
1 (Economics ) the decisions that a government makes about how easy or expensive it will be for people and businesses to borrow money: The government has adopted a tight credit policy and high interest rates. By tightening its credit policy, the country managed to avoid hyperinflation. The reserve bank has announced its monetary and credit policy for 2006. ⇨ CREDIT CONTROL
2 (Finance ) the decisions a business has made about the way it will lend money or give credit; a document that describes these decisions: A business should have a credit policy before extending any credit. Credit policies must set standards to ensure a high percentage of repayment. The retailer has a lenient credit policy and a long repayment period. |
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