释义 |
open-end credit ThesaurusNoun | 1. | open-end credit - a consumer credit line that can be used up to a certain limit or paid down at any timecharge account credit, revolving creditconsumer credit - a line of credit extended for personal or household usecharge account, credit account, open account - credit extended by a business to a customercharge card, charge plate, credit card, plastic - a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered; "do you take plastic?"debit card - a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank accountsmart card - a plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor; typically used to perform financial transactionscheck overdraft credit, overdraft credit - credit provided by a bank in honoring a customer's overdrafts |
Open-End Credit Related to Open-End Credit: credit facilitiesOpen-End CreditA type of revolving account that permits an individual to pay, on a monthly basis, only a portion of the total amount due. This type of Consumer Credit is frequently used in conjunction with bank and department store credit cards. Open-end credit
Open-end creditRevolving line of credit that is extended with every purchase or cash advance.Line of CreditAn 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.open-end credit Related to open-end credit: credit facilitiesSynonyms for open-end creditnoun a consumer credit line that can be used up to a certain limit or paid down at any timeSynonyms- charge account credit
- revolving credit
Related Words- consumer credit
- charge account
- credit account
- open account
- charge card
- charge plate
- credit card
- plastic
- debit card
- smart card
- check overdraft credit
- overdraft credit
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