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What does it mean to be a house account?

House account. A type of account at a brokerage firm that is given a high level of priority and is handled by the main office or an executive, rather than a traditional salesperson.

What is a charge account in a store?

A charge account is an arrangement where a customer can purchase products or services on credit. Charge accounts mean that you can still buy when you are short of cash, and take advantage of sales and bargains.

What type of account is charge account?

Charge accounts are also referred to as credit accounts. These accounts allow for the purchase of goods or services with the purchaser essentially making a promise to pay later. Many charge accounts have interest terms that are subject to change.

What type of account is a charge account?

Charge accounts are also referred to as credit accounts. These accounts allow for the purchase of goods or services with the purchaser essentially making a promise to pay later. Many charge accounts have interest terms that are subject to change.

What are charge accounts used for?

A charge account is an arrangement where a customer can purchase products or services on credit. Charge accounts mean that you can still buy when you are short of cash, and take advantage of sales and bargains.

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What is a house account at a restaurant?

House Accounts allow customers to have an account with a restaurant (like a Gift Card) but functions like a credit card, where there is a limit and a balance. When purchases are made, the balance of the account grows and when payments are made, the balance goes down.

What is the charge account?

Definition of charge account : a customer's account with a creditor (such as a merchant) to which the purchase of goods is charged.

What is the charge account?

Definition of charge account : a customer's account with a creditor (such as a merchant) to which the purchase of goods is charged.

What are the 3 main types of credit?

What Are the Different Types of Credit? There are three main types of credit: installment credit, revolving credit, and open credit. Each of these is borrowed and repaid with a different structure.

What is the purpose of charge account?

charge account | Business English an account which allows you to buy and take away goods, and use services, and pay for them later: This charge account is ideal for managing employees' expenses.

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