credit system
Noun
Meaning
a system for allowing people to purchase things on credit
Source: WordNetSynonyms
Hypernyms
Examples
Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.
But simultaneously with the development of capitalist production the credit system also develops. The money-capital which the capitalist cannot as yet employ in his own business is employed by others, who pay him interest for its use.