# Credit Account

**IRI:** https://folio.openlegalstandard.org/R7NDrp0Djwxfca3D3VuHKlx

## Labels

## Definition

A credit account is a contractual arrangement where a lender extends a line of credit to a borrower. This can be in the form of a credit card account, retail account, or other types of loans. The borrower is obligated to repay the borrowed amount along with any applicable interest and fees.

## Sub Class Of

- https://folio.openlegalstandard.org/RCqg8Edym0NbyFXA5DXor8w

## See Also

- https://folio.openlegalstandard.org/R77pHybcEdlO9OmqSuiyWi1
- https://folio.openlegalstandard.org/R7PHFZzZmVmczzNQl6iZKsa

**Deprecated:** False