| 单词 | subsidized credit |
| 释义 | subsidized credit Credit provided on terms below normal market rates. Subsidized credit may be granted to encourage particular forms of activity, including for example exports, provision of affordable rented housing by housing association, or the growth of entrepreneurship among minority groups. It may also be granted as a corrupt favour to people or firms with political influence. Credit may be subsidized by governments, or lending institutions may cross-subsidize some borrowers out of the profits on other loans. Subsidized credit is particularly bad for economic efficiency in economies where the interest rate for favoured borrowers is below the rate of inflation, so that they borrow at negative real interest rates and are able to profit simply by holding unproductive assets. |
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