credit account
Buy now, pay later
A credit account is an arrangement with a business or financial institution that allows purchasing goods or services now and paying later.
The term covers store accounts, credit cards, and lines of credit.
She opened a credit account at the furniture store.
The balance accrues interest if not paid by a specified date.
- balanceSteadiness or amount owed
- closing balanceAccount total at period's end
- statementExpressed claim or fact
- billingCharging for services rendered
- debtMoney owed another
revolving · interest · limit · payment · due · past due · overdue · swipe · plastic · borrowing · monthly · minimum payment · pay off · APR · outstanding · finance charge · cardholder · spending
- accountschecking, savings, 401k, IRA, Roth IRA
- creditcreditworthiness, creditworthy, FICO, FICO score, microcredit
- credit scoresFICO score, creditworthiness, payment history, FICO, Equifax
credit accountcash payment
Transaction using physical currency
cash on delivery · advance payment · COD · layaway · cash account
credit accountsavings account
Interest-bearing bank holding
deposit account · investment account · money market account · checking account · current account
credit, account, credits, credited, crediting, creditor, creditors, creditable, accreditation