credit freeze

credit freeze
credit freeze credit freeze ➔ freeze2

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credit freeze UK US noun [C, usually singular]
► ECONOMICS, FINANCE a situation in which actions by a government force banks to stop lending money: »

A sign that the credit freeze may be thawing is a drop of .01% in the interest rate that banks charge to borrow from one another.

► (US FINANCE a service that allows consumers to prevent credit bureaus (= companies that collect and sell people's financial information) from selling the information in their files. Credit freezes are used for preventing identity theft (= the illegal use of another person's personal information): »

The new law allows residents to place a credit freeze on their reports.

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Keep in mind that a credit freeze will not prevent a thief from misusing your existing credit cards and accounts.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Credit freeze — A credit freeze, also known as a credit report freeze, a credit report lock down, a credit lock down, a credit lock or a security freeze, allows an individual to control how a U.S. consumer reporting agency (also known as credit bureau: Equifax,… …   Wikipedia

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  • German–Soviet Credit Agreement (1939) — For other uses, see German–Soviet Commercial Agreement (disambiguation). German–Soviet Credit Agreement Signed August 19, 1939 Location Berlin, Germany Signatories Union of Soviet Socialist Republics …   Wikipedia

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