extend credit

Also found in: Legal.

extend credit (to someone or a company)

 and extend someone 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.
See also: credit, extend
References in periodicals archive ?
Saudi investors pledged on Wednesday to invest in Bosnia with $50 million starting capital and Turkey said that one of its banks will extend credit lines for infrastructure projects.
When you extend credit to patients and allow them to pay over time, you put your practice's financial health at risk.
The lender's agreement to extend credit and forbear from exercising its remedies is also conditioned upon the signing of a letter of intent for the sale by Jan.
But if you can reach an agreement with a new customer that allows you to minimize risk and remain confident of payment, there's no reason not to extend credit.
Global Banking News-January 21, 2013--Indonesia vice president asks banks to extend credit to youngsters(C)2013 ENPublishing - http://www.
Except for a few exemptions, the act prohibits a publicly owned BHC (public BHC) and its subsidiaries from extending credit, or arranging for another entity to extend credit, in the form of a personal loan to any director or executive officer of the public BHC.
Both Paragon and the old lender are asset-based institutions that extend credit to the retail industry.
Bank of Tokyo, a creditor of the company, alleged it agreed to extend credit to Globe based on financial statements prepared by the CPA firm.
Despite this optimism, more than three-quarters of the executives surveyed say they do not plan to change their credit policies in the next year, while 18 percent report they are less willing to extend credit in the year ahead.
Retail cards generally have lower credit lines than general purpose cards and can be used to extend credit to borrowers who are unable to obtain credit from other sources.
This part establishes rules under which a Federal Reserve Bank may extend credit to depository institutions and others.
Lending officers at some of the largest banks in the country said Thursday they would never extend credit to Newt Gingrich on the terms that he got from Dole.
At the meeting, which featured the re-election of the full slate of directors to the board, Nichols noted that the basis of the financial plan is to continue strong action to improve Citizens' troubled loan picture, to extend credit in the bank's marketplace to qualified borrowers, both individuals and companies, to maintain a tight rein on expenses, and to acquire new capital for the company.
Adequate export insurance coverage allows an exporter to extend credit to foreign buyers on competitive terms and also encourages banks to finance the exporter's receivables.
This has enabled retailers and bankers to gain an accurate picture on the credit needs and behaviors of the population to extend credit in a responsible manner.