What is another word for bought on credit?

Pronunciation: [bˈɔːt ˌɒn kɹˈɛdɪt] (IPA)

"Bought on credit," refers to a financial transaction where a person purchases an item without paying the full amount upfront. There are several alternative phrases that can also describe this transaction, such as "purchased on account," "bought on installment," or "acquired through financing." Other common synonyms include "credit purchase," "deferred payment," "credit installment," and "contract purchase." It is important to note that such transactions require careful consideration, as they often involve interest and fees that can accumulate over time. Understanding these options and choosing the one that best suits one's financial needs is crucial to avoid accruing excessive debt.

What are the hypernyms for Bought on credit?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for bought on credit?

Antonyms for the phrase "bought on credit" include "paid in full," "purchased with cash," and "bought outright." These phrases refer to instances where payment is made in full at the time of purchase, rather than relying on a credit arrangement. Paying in full means that there is no outstanding debt or interest owed to the seller or lender. This approach can be particularly beneficial when making large purchases, as it ensures that the buyer does not accrue additional fees or interest charges. While buying on credit can be useful in certain situations, it is essential to understand the potential drawbacks, such as high-interest rates and future debt obligations. Therefore, purchasing outright may be a more financially responsible option for some individuals.

What are the antonyms for Bought on credit?

Related words: credit card balance, credit history

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