the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
credit
the state of owing money
in debt
a person who purchases goods and services for personal use
consumer
a single payment made at a particular time, as opposed to a number of smaller payments or instalments
lump sum
agree to give or allow (something requested) to
grant
having a great deal of money; wealthy
affluent, opulent, well-off, wealthy, prosperous
a legal declaration of a person's wishes regarding the disposal of his or her property or estate after death
will
the action of spending funds
expenditure
a penalty of money that a court of law or other authority decides has to be paid as punishment for a crime or other offense
fine
an initial payment made when something is bought on credit
down payment
the money paid for a journey on public transport
fare
give a share of something or one of a set of things to each of a number of people; distribute.
hand out
demand (an amount) as a price for a service rendered or goods supplied
charge
a state of great comfort or elegance, especially when involving great expense
luxury
an estimate of income and expenditure for a set period of time
budget
tells you how high the cost of borrowing is, or high the rewards are for saving
interest rates
a unit of value, especially of money
denominations
not willing to spend or give much money; miserly.
tight fisted
having no money; very poor.
penniless
something pledged as security for repayment of a loan, to be forfeited in the event of a default
collateral
feeling or showing an envious resentment of someone or their achievements, possessions, or perceived advantages
jealous
a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt
mortgage
a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit
credit card
a general increase in prices and fall in the purchasing value of money
inflation
having a great deal of money, resources, or assets; rich
wealthy
a payment made to a professional person or to a professional or public body in exchange for advice or services
fees
the value of one currency for the purpose of conversion to another
exchange rate
a sum of money due as one of several equal payments for something, spread over an agreed period of time
installment
money received, especially on a regular basis, for work or through investments
income
spending and owing more money than is being earned (IDIOM)
in the red
a deficit in a bank account caused by drawing more money than the account holds
overdraft
the money one has saved, especially through a bank or official scheme.
savings