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Service credit

Credit card

Charge card.

Credit

Collateral

Revolving credit

Installment credit

Consumer loan

Line of credit

Debt

Store account

A credit account that allows you to charge items or services only at that store with that merchant.

Money that must be repaid

The ability to borrow money and pay it back later.

Property that can be used to secure a loan.

The ability to receive services and pay for them at a later date.

A direct loan of cash made to a consumer at a fixed interest rate for a set period of time.

A plastic card linked to a credit account that can be used to make purchases.

Credit used to finance the purchase of a single high priced item through as series of equal payments made over a set period of time.

A form of credit card for which the cardholder must pay the balance in full by the due date.

A pre-approved loan amount that a debtor can borrow as needed with no collateral

An account on which the account holder can charge repeatedly up to a maximum limit.