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brukskreditt

English translation: consumer credit

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:brukskreditt
English translation:consumer credit
Entered by: dmesnier

14:41 Apr 13, 2023
Norwegian to English translations [PRO]
Bus/Financial - Accounting / Annual report
Norwegian term or phrase: brukskreditt
Hi - I'm looking for an accurate EN translation for brukskreditt which appears in the "breakdown of lending" note in a bank's annual report.

Single line entry
Kasse, drifts- og brukskreditter

But used in a sentence
Disponerte utlån består blant annet av nedbetalingslån, rammelån med pant i bolig, kasse-, drifts-, og brukskreditter, og byggelån.

Thanks for your help!
dmesnier
United States
Local time: 12:44
consumer credit
Explanation:
I believe it is an amount lent by a bank when a customer needs cash for consumer purchases and that the customer is free to draw on as needed for the term of the contract.

https://finansagent.com/brukskreditt-gir-bedre-fleksibilitet
Selected response from:

Dana Sackett Lössl
Denmark
Local time: 19:44
Grading comment
Thanks for your help!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1consumer credit
Dana Sackett Lössl
3Utility credit
rajagopalan sampatkumar


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
consumer credit


Explanation:
I believe it is an amount lent by a bank when a customer needs cash for consumer purchases and that the customer is free to draw on as needed for the term of the contract.

https://finansagent.com/brukskreditt-gir-bedre-fleksibilitet


    https://www.bing.com/ck/a?!&&p=ed404ec693a4a18cJmltdHM9MTY4MTM0NDAwMCZpZ3VpZD0xYTUzMmViOS0wMzFiLTYzN2MtMTBiOS0zYzQ4MDI2NzYyYmEmaW5zaWQ9NTQyN
    Reference: http://www.thebalancemoney.com/what-is-consumer-credit-51882...
Dana Sackett Lössl
Denmark
Local time: 19:44
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thanks for your help!

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM.
9 mins
agree  Michele Fauble: Consumer loan or line of credit.
4 hrs
disagree  Christopher Schröder: In the UK at least, consumer credit means something else, as explained in your reference
15 hrs
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
Utility credit


Explanation:
--

rajagopalan sampatkumar
Switzerland
Local time: 19:44
Specializes in field
Native speaker of: English
PRO pts in category: 2
Login to enter a peer comment (or grade)



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