The credit card
Example: Credit card enables purchases with borrowed funds from a financial institution
Definition
"The credit card" is a plastic card issued by a financial institution allowing the holder to borrow funds up to a certain limit to make purchases or withdraw cash, which must be repaid with interest if not settled within a billing cycle.
Etymology
The term "credit card" comes from 'credit,' meaning the ability to borrow money, and 'card,' referring to the physical plastic card used. The concept emerged in the mid-20th century when financial institutions began issuing cards to facilitate convenient borrowing and payment.
Learn to use this word actively
"The credit card" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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