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What is the name of owing money before buying something?
Owning money before buying something is called credit.

Credit means that after buying something, remember the account first and then give it later. As the name implies, it means to buy first and pay later, but there are great risks in doing so.

Related information:

1. If these people run away in the process of credit, the boss will lose money. So in order to avoid this risk, basically all individual shops, lottery shops, canteens, retail stores, etc. do not support credit.

2. Credit means: the act of putting the payment for goods in the account and the payment for goods sold in the account. Credit selling is a common phenomenon in retail operation, but it is easy to get credit, which is also a headache for many retailers.

3, especially some acquaintances, relatives, friends, etc. If you say you don't take credit, you may lose face and of course your business will be affected. Take credit, but I'm afraid I'm too embarrassed to ask for it. Therefore, small businesses use a sign that says no credit is allowed.

4. Written reminders will always gain customers' understanding better than blunt refusal, which will make it difficult for those customers with credit psychology to respect their mouths.