An agreement by a bank to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. also called revolving credit or revolving line of credit.
Related information about open-end credit:
- Open-End Credit Definition | Investopedia
A pre-approved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to ...
- DFI: What is Open-End Credit?
An open-end credit account is one under which you are allowed to make repeated purchases or obtain loans. You are given the privilege of paying the balance ...
- open-end credit - The Free Dictionary
Noun, 1. open-end credit - a consumer credit line that can be used up to a certain limit or paid down at any time. charge account credit, revolving credit ...
- What is open-end credit? definition and meaning
Definition of open-end credit: An agreement by a bank to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been ...
- open-end credit - Dictionary Definition : Vocabulary.com
Definition of open-end credit : ... DEFINITIONS OF: open-end credit. 1. n a consumer credit line that can be used up to a certain limit or paid down at any time ...
- What is open end credit? definition and meaning
Definition of open end credit: Line of credit such as an overdraft or credit card facility where (other than the maximum credit limit) no restrictions are placed on ...
- Types of Credit: Closed or Open-End - Winmark Business Solutions
Open-end credit. With open-end, or revolving credit, loans are made on a continuous basis as you purchase items, and you are billed periodically to make at ...
- open-end credit under - American University Washington College of ...
I. What Is "Open-End Credit" And What Creditors Would Be. Covered By "Special Open-End Credit Rules and Regulations?" A. Regulation Z and the Federal Act' ...