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Definitions from WordNet

Definitions from the Web

Credit Account

A credit account refers to an agreement between a customer and a financial institution or business, allowing the customer to purchase goods or services on credit. The customer is provided with a predetermined credit limit and is expected to repay the borrowed amount within a specified period of time along with any applicable interest or fees.

Examples of usage:

As a noun (financial sense):

1. She opened a credit account with the local bank to finance her new business.
2. The customer's credit account was quickly approved, allowing them to make purchases on credit.
3. He failed to manage his credit account effectively and ended up with a substantial debt.

As a noun (retail sense):

1. The store offers a credit account to loyal customers, enabling them to buy now and pay later.
2. I prefer to shop at places that provide a credit account facility as it allows me to make larger purchases.
3. They checked my credit history before granting me a credit account with the store.

As a modifier (adjectival sense):

1. She used her credit account card to purchase the latest electronic gadget.
2. He received a statement for his credit account balance at the end of the month.
3. The credit account holder is responsible for making regular payments.

Possible Related Products:

• Credit Account Management Books
• Credit Account Accessories
• Credit Account Services