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单词 debtor-creditor agreement
释义

debtor-creditor agreement
A consumer-credit agreement regulated by the Consumer Credit Act 1974. It may be:

1. a restricted-use credit agreement to finance a transaction between the debtor and a supplier in which there are no arrangements between the creditor and the supplier (e.g. when a loan is paid by the creditor direct to a dealer who is to supply the debtor);
2. a restricted-use credit agreement to refinance any existing indebtedness of the debtor’s to the creditor or any other person;
3. an unrestricted-use credit agreement (e.g. a straight loan of money) that is not made by the creditor under arrangements with a supplier in the knowledge that the credit is to be used to finance a transaction between the debtor and the supplier.
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更新时间:2024/12/26 4:40:35