Closed-end credit

Credit which is to be repaid in Full (along with any Interest and Finance charges) by a specified future date. Most Real estate and auto loans are closed-end. opposite of revolving line of Credit.

Related Terms: 18 Charge, CLO, Credit, Close, ECI, Finance, Full, Finance charge, FIN, Interest, Long, Line of credit, Loan, PPO, Paid, Real, Revolving line of credit, Real estate

Other Related Pages: Category: Lending_and_Credit Starting With: C

Additional Related Terms: Accrual of discount, Accrued interest, Amortization of premium, At par, All or any part, At best, At call, At risk, Add-on service, Abstract of title