look up any word, like ratchet:
 
1.
A credit system devised by a group of friends where items are purchased on a friend's behalf only to be compensated with the same gesture at a later date.
Friend A: Dude, I left my wallet at home, I may have to sit this round of shots out.

Friend B: No worries bra, I'll get these, just put it on the friend tab.
by Chad Brochill March 26, 2009