Every Saturday I’ll give you a couple of idioms to learn. An idiom is a saying or phrase whose meaning cannot be taken from the literal meanings of the words.
piece/slice of the action: part of the profits or benefits of an activity
Example:
John supplied 25% of the capital needed to start his brother’s business, because he wanted a piece of the action.
(buy) on credit: buy now, pay later; buy something without using cash.
Example:
Mr. Smith bought his manufacturing equipment on credit, and was planning to pay it all back by the end of the third quarter.