public credit en · NOUN
Meanings
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The loan of money to a government body in return for a bond or similar promissory note.
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.
2012, Hans-Hermann Francke, Eberhart Ketzel, Hans-Helmut Kotz, Handbook of Public Credit in Europe, page 231: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.
1936, Harley Leist Lutz, Public Finance, page 14:Holonym: bond market
Public credit was controversial in seventeenth- and eighteenth-century England.
2020, Natalie Roxburgh, Representing Public Credit, page 1:
Coordinates
public debt · private credit · private equity
Hypernyms
Translations (1)
es crédito público (Translations)