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Payment options ex.3
| Term | Definition |
|---|---|
| cash | paper currency |
| credit | a form of payment based upon a promise to make a payment in the future |
| check | a slip of paper that gives permission to remove a certain amount of money from an account |
| layaway | a system in which a company holds an item while a customer makes payments, and the customer may only take it after paying in full |
| pay | to give money in exchange for something |
| financing | the act or process of arranging or providing a loan |
| interest | money paid regularly as part of a loan payment |