open-end credit

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Definition of open-end credit in English English dictionary

open-end credit
A line of credit that may be used repeatedly, including credit cards, overdraft credit accounts, and home equity lines
open-end credit
A line of credit that may be used repeatedly up to a certain limit (Also called a charge account or revolving credit )
open-end credit
Revolving line of credit that is extended with every purchase or cash advance, and is set with a particular limit after which consumers can borrow further funds
open-end credit
A line of credit that may be used repeatedly up to a certain limit, also called a charge account or revolving credit CLOSE GLOSSARY
open-end credit
a consumer credit line that can be used up to a certain limit or paid down at any time
open-end credit
A line of credit that may be used over and over again, including credit cards, overdraft credit accounts, and home equity lines
open-end credit
A line of credit that may be used repeatedly up to a certain limit, also called a charge account or revolving credit
open-end credit
Revolving line of credit that is extended with every purchase or cash advance
open-end credit
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