charge account
Học thuậtThân thiện
Definition
- Noun:
- Credit extended by a business to a customer: A formal arrangement where a business allows a customer to purchase goods or services and pay for them at a later date, typically on a monthly billing cycle.
Usage Examples
- Noun:
- She put the new dress on her charge account at the department store.
- The store offers a charge account with no interest for the first six months.
- He paid off his charge account balance in full every month.
Advanced Usage
- "to have a charge account": to be a customer who has been granted credit by a specific business.
- Only customers who have a charge account with us can receive these special billing offers.
- "to open/close a charge account": to establish or terminate a credit arrangement with a business.
- You can apply to open a charge account online or in the store.
Variants and Related Words
- Charge card (n): A card issued by a specific retailer or business for use with its charge account. (Note: This is a related compound term, not the target word itself).
- Account (n): A record of financial transactions; a broader term that can include charge accounts, bank accounts, etc.
- Store credit (n): A similar concept, often referring to credit issued for a specific store or chain.
Synonyms
- Credit account: An account allowing the purchase of goods or services with payment deferred.
- Revolving account: A type of credit account that allows repeated borrowing up to a set limit as payments are made.
Related Phrases
- "on account": As an idiom meaning to be paid for later, often using a charge account.
- She took the furniture on account and will pay the bill next month.
- "charge it": A common instruction to put a purchase on one's charge account.
- When asked how he would like to pay, he said, "Just charge it to my account."
Notes on Meaning
The term charge account specifically implies a credit relationship with a single business or retailer. It is distinct from a general-purpose credit card issued by a bank, which can be used at many different merchants. The primary function is to facilitate deferred payment for purchases from that specific creditor.
Noun
- credit extended by a business to a customer