Dictionary entry

Crédit mobilier

Webster's Dictionary 1913

‖Cré′dit″ mo′bi′lier″ (m?′b?′ly?″). [F. crédit credit & mobilier personal, pertaining to personal property.] A joint stock company, formed for general banking business, or for the construction of public works, by means of loans on personal estate, after the manner of the crédit foncier on real estate. In practice, however, this distinction has not been strictly observed.