Extend credit Meaning in English
expression
Definition
To allow someone to buy something now and pay for it later; often used in business and banking when a company or bank lets someone make purchases without paying immediately.
Usage & Nuances
A formal, business, and financial term. Common in banking, retail, and B2B settings: 'extend credit to a customer'. Not used for personal favors—instead, use 'lend money'. Often followed by 'to'.
Example Sentences
The bank decided to extend credit to the small business.
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Many stores extend credit to loyal customers.
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If you have good credit, companies may extend credit to you easily.
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We're sorry, but we can't extend credit until we review your financial history.
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The supplier agreed to extend credit for sixty days, which helped our cash flow.
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If a client asks you to extend credit, make sure to check their payment history first.
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