credit-offer

Vocabulary Word

Definition

'Credit offer' involves a company or financial institution proposing a loan arrangement. It's like an invitation to use their money and then pay it back over time, typically with interest added on top.

Examples in Different Contexts

In consumer finance, 'credit-offer' refers to special financing terms offered to consumers for purchasing goods or services, such as a no down payment option. A finance officer might state, 'Our new credit-offer allows customers to buy now and pay later without any interest for 6 months.'

Practice Scenarios

Business

Scenario:

We can secure better terms with our supplies given our record allied with a payment method change.

Response:

We should consider taking up the credit offer from our supplier to manage our immediate cash flow.

Marketing

Scenario:

We should provide additional benefits to our cardholders especially when facing stiff competition.

Response:

Yes, and to hit maximum effectiveness with the plan, we should craft an enticing credit offer.