https://www.proz.com/kudoz/norwegian-to-english/accounting/7127872-brukskreditt.html
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Glossary entry

Norwegian term or phrase:

brukskreditt

English translation:

consumer credit

Added to glossary by dmesnier
Apr 13, 2023 14:41
1 yr ago
10 viewers *
Norwegian term

brukskreditt

Norwegian to English Bus/Financial Accounting Annual report
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!
Proposed translations (English)
4 +1 consumer credit
3 Utility credit

Discussion

Christopher Schröder Apr 14, 2023:
Line of credit It’s a line of credit, plain and simple, since the key feature is that you borrow as much as you need up to the limit

Proposed translations

+1
1 hr
Selected

consumer credit

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
Reference:

https://www.bing.com/ck/a?!&&p=ed404ec693a4a18cJmltdHM9MTY4MTM0NDAwMCZpZ3VpZD0xYTUzMmViOS0wMzFiLTYzN2MtMTBiOS0zYzQ4MDI2NzYyYmEmaW5zaWQ9NTQyN

http://www.thebalancemoney.com/what-is-consumer-credit-5188270

Peer comment(s):
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
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4 KudoZ points awarded for this answer. Comment: "Thanks for your help!"
1 hr

Utility credit

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