charge account

Definitions

Economics

  • noun an arrangement which a customer has with a store to buy goods and to pay for them at a later date, usually when the invoice is sent at the end of the month. The customer will make regular monthly payments into the account and is allowed credit of a multiple of those payments.

Travel

  • noun an arrangement that a customer has with a store or organisation to buy goods or services and to pay for them at a later date, usually when an invoice is sent at the end of the month
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