charge accounts

Buy now, pay later

Charge accounts are credit arrangements with retailers or service providers that allow customers to buy now and pay later, typically receiving a monthly bill.

Before credit cards became universal, shoppers maintained charge accounts at department stores, grocers, and other merchants: She put the dress on her charge account.

The term now sounds somewhat dated, as generic credit cards have largely replaced store-specific billing arrangements.

Related

payment · finance · revolving credit · credit history · store credit · department store · late fees · annual percentage rate · purchase · interest rate · billing cycle · statements · principal balance · minimum payment · past due · retail · limits · shopping

Opposites
payment timing

charge accountscash

Ready spending funds

cash transactions · cash on delivery · pay-as-you-go · COD · prepayment

payment method formality

charge accountscash

Ready spending funds

cash transactions · cryptocurrency · barter · cash on the barrelhead · petty cash

credit relationship

charge accountscash basis

Accounting when money moves

no credit · checking accounts · savings accounts

Family

charge, account, charges, charged, charging, charger, chargers, recharge, rechargeable

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G