Credit which is to be repaid in full (along with any interest and finance charges) by a specified future date. Most real estate and auto loans are closed-end. opposite of revolving line of credit.
Related information about closed-end credit:
- Closed-End Credit Definition | Investopedia
A loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid, including any interest and finance charges, ...
- What is closed-end credit? - InvestorWords.com
Definition of closed-end credit: Credit which is to be repaid in full (along with any interest and finance charges) by a specified future date. Most real estate and ...
- What is Closed-End Credit?
Nov 1, 2012 ... Closed-end credit is a type of financial credit that requires payment in full to be given at a specific time. In most cases, this...
- Closed-End Credit: Definition from Answers.com
Closed-End Credit Loan or extension of credit in which the borrower receives the proceeds of the loan when the loan is closed and full repayment, along.
- Closed-end credit - Wikipedia, the free encyclopedia
Closed-end credit is a type of credit that should be repaid in full amount by the end of the term, by a specified date. The repayment includes all the interests and ...
- Credit Basics
Common examples of secured, closed-end credit include home, vehicle, and boat loans. Why get a secured, closed-end loan? It is usually the best, and often ...
- Types of Credit: Closed or Open-End - Winmark Business Solutions
Closed-end credit. Closed-end credit is used for a specific purpose, for a specific amount, and for a specific period of time. Payments are usually of equal ...
- What is closed-end credit? - BusinessDictionary.com
Definition of closed-end credit: a loan, plus any interest and finance charges, that is to be repaid in full by a specified future date. Loans that have property or ...