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What is another word for buying on credit?

Pronunciation: [bˈa͡ɪɪŋ ˌɒn kɹˈɛdɪt] (IPA)

The term "buying on credit" is a financial concept describing a transaction where goods or services are purchased with the understanding that the payment will be made at a later date. It is a commonly used practice, especially in the world of business, where it is often used to purchase, raw materials, or supplies. Some popular synonyms for this term include installment buying, purchasing on account, deferred payment, layaway, and financial lease. While all of these terms might carry slightly different connotations, they all describe the same basic concept of purchasing assets or services with the understanding that payment will be made at a later date.
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Synonyms for Buying on credit:

What are the hypernyms for Buying on credit?

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

  • Other hypernyms:

    DEBT FINANCING, borrowing money, financing a purchase, making an installment purchase.

What are the opposite words for buying on credit?

The opposite of buying on credit is to make a cash purchase. This means paying for a product or service in full at the time of purchase, rather than borrowing money to finance the transaction. Another antonym for buying on credit is to practice frugality or to live within one's means. This involves saving money over time and only making purchases when the funds are available. These opposite concepts can have a significant impact on individuals' financial wellbeing, with buying on credit potentially leading to debt and financial strain, while making cash purchases and practicing frugality can lead to financial stability and success.

What are the antonyms for Buying on credit?

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