Meaning of public credit | Babel Free

Definitions

The loan of money to a government body in return for a bond or similar promissory note.

Equivalents

Examples

“The use of credit by a government is simply one of the ways by which income may be obtained, but it is more convenient to deal with the special characteristics of public debts and the use of public credit as a distinct aspect of the subject, and this is done in part IV.”

“Therefore the actual and substantive decision authority for public credit lies with the Ministry of Finance which decides on the credit-worthiness of every public utility.”

“Public credit was controversial in seventeenth- and eighteenth-century England.”

CEFR level