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LSDefine

Simple English definitions for legal terms

charge account

Read a random definition: minister plenipotentiary

A quick definition of charge account:

A charge account is when you buy things and pay for them later. You can buy things and pay for them all at once or over a certain period of time. It's like borrowing money from the store or company you're buying from. You need to be trusted to pay back the money you owe. Sometimes, you can buy things on a charge account as long as you don't owe too much money already. This is called a revolving charge account.

A more thorough explanation:

A charge account is a credit arrangement between a customer and a seller. The customer can purchase goods and services and pay for them periodically or within a specified time. This means that the customer can buy things without having to pay for them right away.

  • When you go to a department store and use a credit card to buy clothes, you are using a charge account. You will receive a bill at the end of the month for the amount you owe.
  • If you have a charge account at a local hardware store, you can buy tools and supplies for your home improvement projects and pay for them later.

These examples illustrate how a charge account works. The customer can make purchases without having to pay for them immediately. Instead, they will receive a bill or statement at a later time, usually at the end of the month. This allows the customer to manage their finances and make purchases when they need to, without having to worry about having enough money on hand.

chargeable | charge and discharge

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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