FT MarketWatch

Open-end credit

An agreement by a bank to Lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. also called revolving Credit or revolving Line of credit.

Related Terms: 10 Borrow, Call, Credit, ECI, Lend, Line of credit, Low, Owe, Paid, Revolving line of credit
Other Related Pages: Category: Lending_and_Credit Starting With: O
Additional Related Terms: 10-K, 52-week low, Agent bank, Accrual of discount, Amortization of premium, At par, ABC agreement, All or any part, At best, At call