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consumer credit vs installment loan

installment loan vs consumer credit

consumer credit and installment loan both are nouns.

Word NounAdjectiveVerbAdverb
consumer credit Yes No No No
installment loan Yes No No No
As nouns, installment loan is a hyponym of consumer credit; that is, installment loan is a word with a more specific, narrower meaning than consumer credit:
  • consumer credit: a line of credit extended for personal or household use
  • installment loan: a loan repaid with interest in equal periodic payments
consumer credit (noun) installment loan (noun)
a line of credit extended for personal or household use a loan repaid with interest in equal periodic payments
Difference between consumer credit and installment loan

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