extended credit
noun[U]
ukusFINANCE
moneythat islentfor alongerperiodoftimethan isusualor than wasoriginallyagreed:
Theairlineaskedforextendedcreditfrom three to sixmonths.
Smallbusinessesare lesslikelyto getextendedcredittermsfromtheirsuppliers.
ECONOMICS
in the US,moneythat a Federal Reserve Banklendsto acommercialbankfor alongerperiodoftimethan isusual, usually for more than 30days