credit order

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Definitions from WordNet

Noun credit order has 1 sense

credit order, bill-me order - an order that is received without payment; requires billing at a later date
--₁ is a kind of order, purchase order
--₁ has particulars: open account

Definitions from the Web

Credit Order

Definition: A method of purchasing goods or services on credit and arranging for their delivery at a later time.

Parts of Speech: noun

Senses:

A specified arrangement made by a customer to defer payment for goods or services until a later date.

An agreement to make payment for goods or services at a later time, based on the trust that the customer will fulfill their payment obligations.

The sequence in which credits are applied to a customer's account, determining the priority and order of payment.

Usages:

She made a credit order for the new laptop, opting to pay for it in three monthly installments.

As a regular customer, she enjoyed the privilege of placing a credit order for up to $500.

The company follows a strict credit order, ensuring that the oldest debts are paid off first.