10 Running-account credit and fixed-sum credit
Consumer Credit Act 1974 (1974 c 39) | Legislation

10  Running-account credit and fixed-sum credit

(1)     For the purposes of this Act—

(a)     running-account credit is a facility under a [consumer] credit agreement whereby the debtor is enabled to receive from time to time (whether in his own person, or by another person) from the creditor or a third party cash, goods and services (or any of them) to an amount or value such that, taking into account payments made by or to the credit of the debtor, the credit limit (if

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