open a credit
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open-end credit — A type of revolving account that permits an individual to pay, on a monthly basis, only a portion of the total amount due. Dictionary from West s Encyclopedia of American Law. 2005. open end credit A t … Law dictionary
open-end credit — Types of credit extensions that permit borrowers to add to the amount borrowed, usually in irregular amounts, at various times subsequent to the granting of the credit. Examples include credit card loans, personal lines of credit, and home equity … Financial and business terms
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. The pre approved amount will be set out in the agreement between… … Investment dictionary
open-end credit — noun a consumer credit line that can be used up to a certain limit or paid down at any time • Syn: ↑revolving credit, ↑charge account credit • Hypernyms: ↑consumer credit • Hyponyms: ↑credit account, ↑ … Useful english dictionary
open-end credit plan — Credit extended pursuant to a plan providing for and contemplating continuing or repetitive transactions on credit. Town & Country Co op v. Lang, N.D., 286 N.W.2d 482, 487. For purposes of Truth in Lending Act, open end credit plan is one in… … Black's law dictionary
open-ended credit — /ˌəυpən ˌendɪd kredɪt/ noun same as revolving credit … Dictionary of banking and finance
open — verb To render accessible, visible, or available; to submit or subject to examination, inquiry, or review, by the removal of restrictions or impediments @ open a case In practice, to open a case is to begin it; to make an initiatory explanation… … Black's law dictionary
credit — The ability of a business or person to borrow money, or obtain goods on time, in consequence of the favorable opinion held by the particular lender as to solvency and past history of reliability. In re Ford, B.C.Wash., 14 F.2d 848, 849.… … Black's law dictionary
credit — The ability of a business or person to borrow money, or obtain goods on time, in consequence of the favorable opinion held by the particular lender as to solvency and past history of reliability. In re Ford, B.C.Wash., 14 F.2d 848, 849.… … Black's law dictionary
open account — noun 1. credit extended by a business to a customer • Syn: ↑credit account, ↑charge account • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit • Hyponyms: ↑ … Useful english dictionary
credit account — noun credit extended by a business to a customer • Syn: ↑charge account, ↑open account • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit • Hyponyms: ↑ … Useful english dictionary
