Status: You are viewing the version of the handbook as on 2020-02-20.

restricted credit

    a loan for which, as a result of an existing arrangement between a supplier and a firm , the customer's application to the firm is submitted through the supplier and the terms of the loan require that it be paid to the supplier for goods or services supplied to the customer , not including loans secured by a charge over land or loans or payments by plastic card (other than a store card). 5