Charge Account Credit (Noun)
Meaning
A consumer credit line that can be used up to a certain limit or paid down at any time.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The store offered a charge account credit to its loyal customers, allowing them to make purchases up to a certain limit without needing to pay cash upfront.
- She used her charge account credit to buy a new TV, knowing she could pay it off in full at the end of the month to avoid interest charges.
- The company provided its employees with a charge account credit for business expenses, which they could use to pay for travel and entertainment costs.
- He applied for a charge account credit at his favorite clothing store, which gave him a credit limit of $1,000 to use towards purchases.
- The credit card company offered a charge account credit with a revolving credit limit, allowing customers to charge purchases and pay them off over time.