publiccredit

1. (finance) Theloan ofmoney to agovernment body in return for abond or similarpromissory note.
   • 1936, Harley Leist Lutz,Public Finance, page14:

     The use of credit by a government is simply one of the ways by which income may be obtained, but it is more convenient to deal with the special characteristics of public debts and the use ofpublic credit as a distinct aspect of the subject, and this is done in part IV.

   • 2012, Hans-Hermann Francke, Eberhart Ketzel, Hans-Helmut Kotz,Handbook of Public Credit in Europe, page231:

     Therefore the actual and substantive decision authority forpublic credit lies with the Ministry of Finance which decides on the credit-worthiness of every public utility.

   • 2020, Natalie Roxburgh,Representing Public Credit, page 1:

     Public credit was controversial in seventeenth- and eighteenth-century England.