With approved credit (WAC),
Definition of With approved credit (WAC):
WAC statements are typically included in relation to offers of financing, such as hypothetical lease terms provided in an ad for a new car.
A financial transaction will be recorded once it has been made known that the consumer has the funds to pay for the transaction.
A with approved credit statement, or WAC statement for short, is a qualifier used in advertisements. It is intended to clarify that the offer being promoted is conditional on the buyer having an adequate credit rating.
How to use With approved credit (WAC) in a sentence?
- They are intended to clarify that the promotional offer described in the ad is only available subject to a credit approval process.
- WAC statements are designed to protect the advertiser against accusations of false or misleading advertising.
- WAC statements are a type of disclaimer used by advertisers.
Meaning of With approved credit (WAC) & With approved credit (WAC) Definition