credit-dependent
[/ˈkrɛdɪt dɪˈpɛndənt/]
adjective
dependente de crédito
1. Relying heavily on borrowed money or credit facilities to finance operations, growth, or consumption
The company became credit-dependent after expanding too rapidly without sufficient cash reserves.
A empresa se tornou dependente de crédito após expandir rapidamente sem reservas de caixa suficientes.
2. Describing an individual or entity that regularly relies on credit to meet financial obligations or make purchases
Many credit-dependent households struggle when interest rates rise unexpectedly.
Muitos domicílios dependentes de crédito enfrentam dificuldades quando as taxas de juros aumentam inesperadamente.
3. Economically vulnerable due to excessive leverage and exposure to credit market fluctuations
The credit-dependent economy collapsed when lending standards tightened during the financial crisis.
A economia dependente de crédito desabou quando os critérios de empréstimo se endureceram durante a crise financeira.
This term became increasingly relevant in both the USA and Brazil following the 2008 financial crisis. In Brazil, credit-dependency is a significant socioeconomic issue affecting both individuals and businesses, particularly in discussions about consumer finance and macroeconomic stability. In the USA, it reflects concerns about household debt, student loans, and corporate leverage in economic policy debates.
NYC Slang
living on plastic; maxed out; living paycheck-to-paycheck on credit
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