charge account credit
- noun
- The department store offered a charge account credit to frequent shoppers, letting them pay for purchases later.
Examples
-
She checked her charge account credit balance before making another large purchase.
-
Many retailers offer charge account credits to loyal customers.
-
Many retailers restrict the spending limit on a charge account credit based on a buyer's creditworthiness.
-
I opened a charge account credit at the local store.
-
She checked her charge account credit balance before making another large purchase.
-
Many retailers restrict the spending limit on a charge account credit based on a buyer's creditworthiness.
-
The department store offered a charge account credit to frequent shoppers, letting them pay for purchases later.
Synonyms
∞
3.1
An amount of money you can borrow now and pay back later
26
3.1
A plan from a bank that lets you borrow up to a set amount
15
4.3
An agreement to get goods or services now and pay later
14
3.2
An arrangement with a shop that lets a customer buy now and pay later
10
3.7
The largest amount a bank allows you to borrow when needed
9
3.3
Money people borrow to buy things for their home or family not for business
5
3.4
An account at a store that lets you buy now and pay later
2
5.6
A loan you can use again up to a set limit while you repay the balance
1
6.2
A borrowing plan that lets you borrow up to a set limit and use it again as you repay
1
4.8
An agreement with a bank that lets a person borrow money up to a set limit when needed
1
7.5
A payment plan that lets you keep owing money and pay over time
1
3.7
An agreement with a bank that lets a person borrow money up to a set limit when needed
How Big
- Specialized
1
6.8
1
3.7
- Specialized
8
2.6
10
4.7
Surface Forms
Morphology
The overall sense — an account that allows purchases on credit — is directly inferable from the constituents: 'charge' (to bill/put a cost on), 'account' (a customer account), and 'credit' (a financial arrangement to pay later). This is a straightforward financial composition (similar patterns exist in other languages), so a B1 learner who knows the component words would readily grasp the meaning.
Etymology
Charge account credit comes from old shops where the shopkeeper would write a buyer's purchases on their account and charge them, giving the buyer credit, or trust to pay later. That's why charge account credit today means a line that lets you 'buy now, pay later' up to a set limit.