terms of credit

USAGE SUMMARY

The phrase "terms of credit" is correct and usable in written English.
It can be used when discussing the conditions under which credit is extended to a borrower, often in financial or business contexts. Example: "Before finalizing the loan agreement, we need to review the terms of credit to ensure they are favorable for both parties."

✓ Grammatically correct

News & Media

Academia

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

45 human-written examples

Requirements are given in terms of credit hours, not courses.

Cornell University

The terms of credit default swaps and other derivatives should be free of ratings-based triggers.

The New York Times

The outside world has much to offer in terms of credit and expertise.A helping handThere are no guarantees of success.

The Economist

"Outsized growth came at a price in terms of credit quality," says Richard Hofmann of CreditSights, a research firm.But broader forces are at work.

The Economist

The terms of credit transactions may be publicly regulated to prevent abuses by customers and lenders as well as to channel credit into particular sectors of the economy.

Encyclopedia Britannica

There will "still be companies that are defaulting," she said, "but in terms of credit quality, we are going to see an improvement".

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

15 human-written examples

What are the trends today in terms of crediting choreographers and stealing ideas, choreography, and/or music?

University of California, Berkeley

I'd probably do a better job.' Simon Perry, chief executive of British Screen, who drew up the list, said this week: 'There were people who in terms of credits had the edge.

The Guardian - Film

"Always remember to ask yourself 'what's in it for them?' A return on investment is unlikely, so make sure they're rewarded in terms of credits and thanks or after-screening drinks".

Independent

You might pay a few dollars extra, or pay a class and a half, in terms of credits, to go, the exec said.

TechCrunch

However, there will be incentives for developers to sell goods in terms of Facebook Credits instead of their own proprietary currencies: items that are sold in terms of Credits can be promoted on Facebook's Games dashboard, and will be eligible for more targeted ad programs.

TechCrunch

Expert writing Tips

Best practice

When discussing financial agreements, clearly specify all aspects of the "terms of credit", including interest rates, repayment schedules, and any associated fees, to ensure transparency and avoid misunderstandings.

Common error

Avoid using "terms of credit" when you actually mean a credit score. The "terms of credit" refer to the conditions under which credit is extended, while a credit score is a numerical representation of creditworthiness.

Linguistic Context

The phrase "terms of credit" functions as a noun phrase that refers to the specific conditions and stipulations under which credit is offered or extended. Ludwig AI confirms its correct usage across various contexts, as demonstrated in the examples.

Expression frequency: Very common

Frequent in

News & Media

44%

Academia

28%

Encyclopedias

6%

Less common in

Wiki

6%

Science

6%

Formal & Business

4%

Ludwig's WRAP-UP

The phrase "terms of credit" is a common and grammatically correct expression used to describe the conditions under which credit is extended. Ludwig AI validates its prevalent usage across diverse fields like news, academia, and finance. Understanding the "terms of credit" is crucial for both lenders and borrowers to ensure transparent and fair agreements. When writing about credit, it's important to differentiate it from credit score and be precise about the specific conditions being discussed. This phrase commonly appears in authoritative sources like The New York Times and Forbes, highlighting its importance in professional and formal communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

credit conditions

Focuses on the general state or availability of credit.

lending terms

Specifically relates to the conditions under which lending occurs.

loan terms

Refers to the specific conditions of a loan agreement.

credit arrangements

Emphasizes the agreement or understanding regarding credit.

financing terms

Broader, includes various forms of financing beyond just credit.

borrowing terms

Focuses on the borrower's perspective of the conditions.

credit facilities

Refers to the availability and types of credit offered.

terms of financing

Similar to financing terms but more specific to the conditions.

credit agreements

Highlights the contractual nature of credit arrangements.

debt terms

Focuses on the conditions associated with debt obligations.

FAQs

How are "terms of credit" determined?

The "terms of credit" are determined by lenders based on factors such as the borrower's creditworthiness, the amount of the loan, and the prevailing market conditions. These "credit conditions" can include interest rates, repayment schedules, and fees.

What's the difference between "terms of credit" and "lending terms"?

While both relate to borrowing, "terms of credit" broadly encompass the conditions under which credit is extended. "Lending terms" specifically refer to the conditions a lender sets for a loan, which fall under the umbrella of broader credit terms.

How do "terms of credit" affect consumers?

The "terms of credit" significantly impact consumers by determining the cost of borrowing and the repayment obligations. Favorable "borrowing terms" can make borrowing more affordable, while unfavorable terms can lead to financial strain.

Can the "terms of credit" change after a loan is issued?

Typically, the "terms of credit" are fixed at the time the loan is issued and outlined in the loan agreement. However, some agreements may have clauses allowing for adjustments under specific circumstances, such as changes in market interest rates or if the borrower violates the contract.