BNPL is a type of installment loan that divides your purchase into four equal payments, with the first due at checkout. The remaining payments are billed to your debit, credit card or bank account until your purchase is paid in full.

The way a particular person understands events, facts, and other people, based on their own set of beliefs and experiences and may not be reasonable or accurate.

The ability to delay an impulse for an immediate reward to receive a more favorable reward later.

Describes a circumstance in which an individual places a higher value on an object that they already own than the value they would place on that same object if they did not own it.

The tendency of the people in a group to think and behave in ways that conform with others in the group rather than as individuals.

A mental shortcut commonly used to simplify problems and avoid cognitive overload.

The temptation, and resulting tendency, to forego a future benefit to obtain a less rewarding but more immediate benefit.

People tend to adopt certain behaviors, styles, or attitudes simply because others are doing so.

A cognitive bias that describes why, for individuals, the pain of losing is psychologically twice as powerful as the pleasure of gaining.

Specifies that 80% of consequences come from 20% of the causes, asserting an unequal relationship between inputs and outputs.

The tendency of people to give stronger weight to payoffs that are closer to the present time when considering trade-offs between two future moments.

A person's principles or standards of behavior; one's judgment of what is important in life.