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What is a open end credit?
Open-End Credit: 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 payments coming due.
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Asked 5/11/2011 11:36:47 PM
Updated 12/29/2015 9:06:20 AM
1 Answer/Comment
Flagged by alfred123 [12/29/2015 9:04:16 AM], Edited by yumdrea [12/29/2015 9:06:20 AM], Unflagged by yumdrea [12/29/2015 9:06:20 AM]
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Open-End Credit: 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 payments coming due.
Added 12/29/2015 9:04:34 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/29/2015 9:06:24 AM]
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