extend credit (to someone or a company)

extend credit (to someone or a company)
extend credit (to someone or a company) & extendsomeone or a company credit
to allow someone to purchase something on credit. •

I'm sorry, Mr. Smith, but because of your poor record of payment, we are no longer able to extend credit to you.

Look at this letter, Jane. The store won't extend credit anymore.


Dictionary of American idioms. 2013.

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  • extend — ex‧tend [ɪkˈstend] verb 1. [transitive] to increase the period of time for which an agreement, contract etc is effective: • The company decided not to extend his employment contract. • The lease has been extended to five years. 2. [transitive] to …   Financial and business terms

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  • Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …   Financial and business terms

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