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...
学习acca,了解专业的财经类词汇必不可少。为了方便大家学习,中公财经为大家整理了acca考试中常见的财经词汇。不清楚的同学快来看一看吧! 【English Terms】 Open End Credit 【中文翻译】 开放性信贷 【详情解释/例子】 预先核准,可重复使用,直至达到预定限额的贷款 以上就是小编为大家整理的今天的财经词汇。大家...
In the world of borrowing, you’ll come across twotypes of credit accounts: open-end credit and closed-end credit. The difference between the two accounts is simple. With an open-end credit account, such as a credit card, you could borrow money periodically—usually up to a certain limit ...
The advantages of open-end credit.Ringgenberg, BethCredit Union Executive
Open credit accounts are unsecured credit, and no collateral is attached to them. Therefore, an open-end credit tends to attract a higher interest rate than secured loans from banks andcredit unions. Also, the lender charges a monthly or annual maintenance fee for keeping the credit account op...
calls the operator API to discover the real-time location of the user's mobile phone. If this differs from the payment location, a payment confirmation message is sent to the user, preventing the unauthorized payment from proceeding. Credit card payments can also be protected in a similar way...
Exchange-traded funds (ETFs) also tend to be open-end funds, but they can also be structured as unit investment trusts (UITs). ETFs trade throughout the day similar to stocks, whereas mutual funds are only traded at their NAV at the end of the day. Some of the best open-end mutual...
The African savanna elephant, also known as the African bush elephant, is distributed across 37 African countries. They move between a variety of habitats, including forests, grasslands, woodlands, wetlands and agricultural land. (46) They sometimes travel more than sixty miles to find food or wa...
Plans with a high deductible, also known as a high-deductible health plan (HDHP), need to be compatible with a health savings account (HSA). As part of the law, the plans’ out-of-pocket maximum must be lower than the ACA’s limit, said Kamens. On the 2024 plans, the out-of-poc...
Risk awareness is vital for investors. As markets fluctuate, your investment may make or lose money. In addition to general investment risks that investors tend to focus on, each fund is exposed specific risks such as inflation, interest rate fluctuations, credit control, and tightened liquidity....