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What is buying by credit?

Updated: 11/10/2020
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Wiki User

11y ago

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This is the process of buying goods without instant payment.

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Wiki User

11y ago
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Anonymous

Lvl 1
4y ago

Basically buying on credit is buying an item from money u don't own for eg. u have $20 for a bag but it costs $40, you would have to borrow the money (off someone/off the bank)

The person buying the bag is "buying on credit"

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Related questions

Buying on credit?

Buying on credit is also called Buying on Margin


1920 buying on credit was called buying on?

Buying on Margin


What is another name for buying on credit?

buying on margin


What is buying stock on credit called?

Buying on margin.


What is buying on credit?

Buying on credit is a program that allows customers to buy now and pay later.


1920s buying on credit?

Margin


What is the term for buying on credit?

Borrowing.


What are some options for buying a car with bad credit?

There are many options for buying a car with bad credit. Some options for buying a car with bad credit include taking out a loan from a company and taking out a loan from a friend or family member.


Buying stocks on credit is called?

margin


How does buying on credit work?

"buying on credit" is basically borrowing money from banks/people, so you can buy luxury items. You use it, to invest into stocks.


When buying a new computer can credit cards apply?

Yes, credit cards can apply when you are buying a new computer. In fact, they can be used for buying pretty much anything if you really want to use them in that way.


What credit does for business?

Business credit allows expansion and growth through buying power.