Usually means: Framework for borrowing and repayment.
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We found 6 dictionaries that define the word credit system:

General (6 matching dictionaries)
  1. credit system: Vocabulary.com
  2. credit system: Dictionary.com
  3. credit system: Rhymezone
  4. credit system: FreeDictionary.org
  5. credit system: Mnemonic Dictionary
  6. credit system: TheFreeDictionary.com

(Note: See credit_systems as well.)

Definitions from WordNet (credit system)

noun:  a system for allowing people to purchase things on credit

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