Open-End Credit

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Open-end credit

Revolving line of credit that is extended with every purchase or cash advance.

Line of Credit

An agreement between a bank and a company or an individual to provide a certain amount in loans on demand from the borrower. The borrower is under no obligation to actually take out a loan at any particular time, but may take part of the funds at any time over a period of several years. This agreement is fairly common in situations in which a business must make payroll but does not always have the operating income to do so, especially when its operating income is seasonal or otherwise varies from month to month. It is also called open-end credit or a revolving line of credit. See also: Credit Card.

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Bank Line Credit Line Demand Line of Credit line of credit LOC Revolver Revolving Credit Revolving Line of Credit			While lawmakers and aides didn't intend to include the provision on open-end credit in the legislation, it may not be simple to remove, said NAFCU Director of Legislative Affairs Brad Thaler. Trades seeking legislative fix on CARD act by Marx, Claude R. / Credit Union Times For both closed- and open-end credit, the required information includes the period of time that teaser rate would be in effect, and the APR of the loan (or current payment) after the initial rate expires. Coming in October: regulation changes for consumer loan advertising by Pry, Carl G. / ABA Bank Marketing 72) Additionally, TILSRA required that other charges, which were not considered to be finance charges, be disclosed for open-end credit products. The pending credit card debt meltdown: what's happening in your ... by Moore, Kathleen M. / St. Thomas Law Review			Open Box Open Cheque Open Contracts Open Depending on the Floor Open Distribution Open Economy open house open housing Open Interest open listing Open market Open Market Committee open mortgage open mortgage clause Open on the Print Open Order Open Outcry Open Policy Open Position Open Price Open Repo open space open the kimono Open Up Open Year Open-End Credit open-end fund Open-End Indenture Open-end index fund Open-End Investment Company Open-end lease open-end mortgage Open-End Mutual Fund Open-Market Operation Open-Market Operations Open-Market Purchase Open-Market Purchase Operation Open-Market Rates Open-Market Transaction Open-Outcry Opening Opening Automated Reporting Service Opening Balance Opening Bank Opening Bell Opening Price Opening purchase Opening Range Opening Sale Opening Transaction Operacao de salvamento			open-collar worker open-collared Open-cut mining Open-cut mining open-cycle engine open-cycle gas turbine open-cycle reactor system open-delta connection open-die forging Open-Domain Question Answering open-door open-door open-door policy open-door policy open-drop anesthesia open-end open-end open-end open-end block Open-End Companies Open-End Companies Open-End Companies Open-End Company Open-End Company Open-End Company Open-End Contract Open-End Contract Open-End Contract Open-End Contract Open-End Contract Open-End Credit Open-End Credit Real Estate Deed of Trust Open-End Credits Open-End Credits Open-End Credits Open-End Face open-end fund open-end fund Open-End Funds Open-End Indenture Open-End Indentures Open-end index fund Open-End Investment Companies Open-End Investment Companies Open-End Investment Companies open-end investment company open-end investment company open-end investment company open-end investment company Open-end lease Open-End Management Companies Open-End Management Companies Open-End Management Companies Open-End Management Company Open-End Management Company Open-End Management Company open-end method Open-end mortgage Open-end mortgage Open-end mortgage Open-End Mortgages

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