a source of credit

USAGE SUMMARY

The phrase "a source of credit" is correct and usable in written English.
It can be used when referring to an entity or mechanism that provides financial credit or loans. Example: "The bank serves as a source of credit for small businesses looking to expand their operations."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

In the past, Associates, based in Irving, Tex., has said it has done nothing unethical and is a source of credit for many people who would otherwise be unable to borrow.

The New York Times

"Responsible lending to these borrowers is not only acceptable, but also provides a source of credit and purchasing power for these customers," said its general counsel, John Finneran, above.

The New York Times

"Given the size of this market, responsible lending to these borrowers is not only acceptable, but also provides a source of credit and purchasing power for these customers, and is thus necessary to the functioning of our economy".

The New York Times

Looking at consumer finance loans, historically a source of credit for higher risk consumers, we find greater reliance on such loans by nonprime consumers in states with high consumer finance rate ceilings following the CARD Act than by nonprime consumers in states with low rate ceilings or by prime consumers.

Journal of Financial Intermediation

She told BBC Wales: "If an illegal money lender is taken out of an area, the issue you have is if somebody has been using that as a source of credit and that credit is taken away, no matter how bad it is, and they think that there is nowhere else to go, another illegal money lender will just come in and take over the patch".

BBC

It advocated better controls, although cautions that shadow banking reforms should be dealt with carefully because the sector can also be a source of credit for business and consumers.

Huffington Post

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

During the 12th century, the Jewish financial community grew richer still, operating under royal protection and providing the king with a source of ready credit.

Wikipedia

They borrowed money for a variety of reasons -- mostly to purchase or improve the home, but also as a source of consumer credit.

Huffington Post

Payday lenders claim to be a convenient source of credit for low- to moderate-income families in a budget crisis.

Huffington Post

Milkmen are a good source of credit.

The Guardian - Books

The bank says some customers use it as a frequent source of credit.

The Economist

Expert writing Tips

Best practice

When using the phrase "a source of credit", ensure the context clearly identifies who or what is providing the credit, and for what purpose. Be specific about the type of credit being offered (e.g., loans, lines of credit, etc.) to avoid ambiguity.

Common error

Avoid using "a source of credit" as a vague substitute for more specific financial terms. If you mean "loan", "investment", or "grant", use the appropriate term to provide clarity and precision in your writing.

Linguistic Context

The phrase "a source of credit" functions as a noun phrase, identifying an entity, institution, or system that provides funds to borrowers. According to Ludwig, the phrase is correct and usable in written English and it can be used when referring to an entity or mechanism that provides financial credit or loans.

Expression frequency: Uncommon

Frequent in

News & Media

66%

Science

34%

Formal & Business

0%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "a source of credit" is a grammatically sound phrase used to describe an entity or mechanism that provides financial resources. Ludwig AI confirms its usability in written English. It is most frequently found in News & Media and Science contexts, indicating its relevance in financial and economic discussions. While alternatives like "credit provider" or "funding source" exist, choosing the right phrase depends on the specific context and nuance you wish to convey. Remember to specify the type of credit and avoid using the phrase too vaguely.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

a credit provider

Focuses specifically on the entity providing the credit.

a lending institution

Specifies the type of organization that offers credit services.

a means of financing

Highlights the action of providing funds, rather than the origin.

a financial resource

Broader term referring to any type of asset that can be used for monetary gain.

a line of credit

Refers to a specific pre-approved borrowing amount.

access to capital

Emphasizes the ability to obtain funds, which may or may not be through credit.

a funding source

Highlights where money originates, applicable to grants, investments, and credit.

a revenue stream

Indicates an ongoing source of income rather than a one-time credit offering.

a financial lifeline

Emphasizes the critical need for and impact of the credit.

economic stimulus

Refers to broader economic measures rather than individual credit sources.

FAQs

How can I use "a source of credit" in a sentence?

You can use "a source of credit" to describe entities or systems that provide funds. For example, "Banks are a primary "source of credit" for businesses" or "Payday loans can be a dangerous "source of credit" for individuals".

What are some alternatives to using "a source of credit"?

Depending on the context, you might use alternatives like "credit provider", "lending institution", or "funding source". The best choice depends on the specific situation you are describing.

Is it appropriate to refer to informal lenders as "a source of credit"?

Yes, even though informal lenders may not be regulated or operate legally, they still function as "a source of credit" for individuals who may not have access to traditional banking services. However, it's important to acknowledge the potential risks and ethical concerns associated with such lenders.

What's the difference between "a source of credit" and "access to credit"?

"A source of credit" refers to the entity or system that provides the credit, while "access to credit" refers to the ability of an individual or organization to obtain credit. Having a source of credit available does not guarantee "access to credit"; one must still meet the lender's requirements.