Definition

Open-End Credit

Open-End Credit commonly referred to as a Line of Credit. May be used repeatedly up to a certain limit; also called a Charge Account or Revolving Credit

Share it:  Cite

More from this Section

  • Bond fund
    Bond fund is a mutual fund that emphasizes income—consistent with risk, rather than ...
  • Incoterms 2010
    Incoterms 2010 is a set of 13 internationally standard trade terms which allows the parties ...
  • Annual fund operating expenses
    Annual fund operating expenses refers for investment companies, the management fee and ...
  • Compulsory insurance law
    Compulsory insurance law protecting accident victims against irresponsible motorists by ...
  • Keogh plan for the self-employed
    Keogh plan for the self-employed is a retirement plan individually adopted by self-employed ...