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What is another word for on credit?

20 synonyms found

Pronunciation:

[ ˌɒn kɹˈɛdɪt], [ ˌɒn kɹˈɛdɪt], [ ˌɒ_n k_ɹ_ˈɛ_d_ɪ_t]

On credit is a commonly used term when it comes to financial transactions. However, there are several synonyms for this term that can offer a little diversity in language. One such synonym is "on account," which is often used in the context of businesses and can refer to a company having a credit account with a supplier or customer. Another synonym is "deferred payment," which suggests that the payment for goods or services has been postponed to a later date. "Installment plan" is also a synonym for on credit, as it implies that the payment will be made in several smaller payments over a set period. Finally, "buy now pay later" is quite similar to on credit, particularly in the context of high-ticket items.

Synonyms for On credit:

How to use "On credit" in context?

When you are approved for a credit card, the lender gives you a loan that you will repay with interest, over time. A credit card is a type of loan that allows you to borrow money up to a certain limit in order to buy items you may not be able to afford without one. By using a credit card, you are also responsible for paying back the amount you borrowed plus interest, as well as any late fees and other charges that may have been accrued. The good news is that credit card companies usually offer lower interest rates and flexible repayment options than other types of loan, such as mortgages or personal loans.

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