单词 | charge account |
释义 | charge accountDefinition Trade credit facility under which goods are delivered or services are provided to creditworthy customers, who agree to pay for them a certain period (commonly 30 days) after the date of invoice. Each customer normally has a 'credit limit' beyond which goods or services are provided only on cash basis. Tardy customers may have to pay a certain rate of interest on the outstanding amount as a penalty. Also called credit account. See also open account. Use 'charge account' in a SentenceMost high school students open a charge account at a local retail store when heading to college in order to establish some credit. In order to facilitate the transaction we used our charge account to house the funds, this allowed for prompt delivery. Maria was running low on money three days before payday, so she decided to pay for her groceries on her charge account. |
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