What do we call the ability to borrow money?

What do we call the ability to borrow money?

Credit is the ability to borrow money or access goods or services with the understanding that you’ll pay later.

What is another word for borrowing money?

What is another word for borrow?

scrounge	obtain
pledge	rent
receive as a loan	take as a loan
touch someone for	ask for the loan of
hit up	raise money

What are some credit terms?

Here are 10 common credit terms defined:

• Billing cycle. The billing cycle for a credit or loan account refers to the number of days between statements.
• Principal balance.
• Interest rate.
• Annual Percentage Rate (APR)
• Minimum amount due.
• Payoff amount.
• Refinance.
• Down payment.

What is the synonym word of borrow?

In this page you can discover 54 synonyms, antonyms, idiomatic expressions, and related words for borrow, like: acquire, use, accept the loan of, negotiate a loan for, obtain the use of, make one’s own, hit up for, lend, hire, obtain and loan.

What does borrowing mean in finance?

Borrowing allows you to spread funds around in different ways or in a variety of investments—a practice called leveraging, in finance. Borrowing can also be a way to establish a credit history or improve your credit score, if you handle the debt responsibly, paying your loans back fully and making payments on time.

What is your credit term?

Credit terms are the payment terms mentioned on the invoice at the time of buying goods. It is an agreement between the buyer and seller about the timings and payment to be made for the goods bought on credit. It is also known as payment terms.

What’s an antonym for borrow?

What is the opposite of borrow?

reject	deny
disallow	refuse
disapprove	oppose
repudiate	rebuff
shun	spurn