What is another word for credit account?

60 synonyms found


[ kɹˈɛdɪt ɐkˈa͡ʊnt], [ kɹˈɛdɪt ɐkˈa‍ʊnt], [ k_ɹ_ˈɛ_d_ɪ_t ɐ_k_ˈaʊ_n_t]

How to use "Credit account" in context?

When you have a credit account, you have been given the opportunity to borrow money from a lending institution in order to purchase something or to finance another type of expenditure. A credit account allows you to borrow a certain amount of money at a set interest rate, which is repayable over a set period of time. If you are unable to meet the terms of the loan, you may have to pay interest on the outstanding balance and possibly a penalty.

Elaborating on the benefits of having a credit account, according to APPLY NOW, "A credit account allows consumers to borrow money to purchase items or to finance other types of expenditures.

Homophones for Credit account:

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