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Credit account

(Brit) a credit system by means of which customers may obtain goods and services before payment Also called charge account


Read Also:

  • Credit-bureau

    noun 1. a firm that investigates the creditworthiness of and assigns a credit rating to a client’s customers or potential customers.

  • Credit-card

    noun 1. a card that identifies a person as entitled to have food, merchandise, services, etc., billed on a charge account. noun 1. a card issued by banks, businesses, etc, enabling the holder to obtain goods and services on credit 1952 in the modern sense; the phrase was used late 19c. to mean “traveler’s check.”

  • Credit crunch

    noun 1. (informal) a period during which there is a sudden reduction in the availability of credit from banks and other lenders

  • Credit default swap

    noun 1. (finance) a contract in which the parties exchange the exposure to loss should a creditor fail to make a payment when it comes due back CDS

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