Open-end credit is a loan from a bank or other financial institution that the borrowercan draw on repeatedly, up to a certain pre-approved amount, and that has no fixed end date for full repayment. Open-end credit is also referred to as revolving credit. Credit cards are one common examp...
Define Open End Credit. Open End Credit synonyms, Open End Credit pronunciation, Open End Credit translation, English dictionary definition of Open End Credit. n. pl. lines of credit See credit line. American Heritage® Dictionary of the English Langua
When it comes to managing our finances effectively, it’s crucial to have a clear understanding of the different types of credit available to us. One common category is open-end credit, which is often compared to closed-end credit. In this article, we’ll dive into the definition of open-...
Definition of Open-End Credit in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Open-End Credit? Meaning of Open-End Credit as a legal term. What does Open-End Credit mean in law?
open-end credit.A definition of the term open-end credit is presented. It refers to a form of credit that does not have an upper limit on the amount that can be borrowed or a time limit before repayment is due.EBSCO_bspBloomsbury Business Library Business & Management Dictionary...
Definition of 'open-ended loan' An open-ended loan isan extension of credit where money can be borrowed when you need it, and paid back on an ongoing basis, such as a credit card. An open-ended loan, such as a credit card account or line of credit, does not have a definite term ...
Open-end credit: Definition, examples and more Open-end credit accounts allow borrowers to tap into a predetermined pool of money at their discretion. It’s open-ended because typically there’s no set expiration date. Open-ended accounts are also called revolving credit accounts. The money ...
Definition of Open-End Funds in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Open-End Funds? Meaning of Open-End Funds as a finance term. What does Open-End Funds mean in finance?
Debt & Credit | Definition, Types & Examples from Chapter 2 / Lesson 4 64K Learn about debt and credit. Understand what debt is, identify the types of debt and credit, examine the pros and cons of debt, and see examples of debt and credit. Related...
There's an.editorconfigwhat has definition for indents, file encoding, line endings. If you disable it, you need to set the file encoding and number of spaces correctly manually. Eclipse code style xml: [https://google.github.io/styleguide/eclipse-java-google-style.xml] ...