Definition
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.
This content can be found on the following page:
http://www.investorwords.com/cgi-bin/getword.cgi?id=892&term=closed-end%20credit
email to a friend
print this definition
cite this definition
link to this page
Copy and paste this HTML in your website to link to this page
Related Research Articles from the InvestorGuide.com University
Credit Fraud
Credit fraud is an increasingly serious problem, growing almost threefold in the past five years. Are you protected and do you know what to do if this happens to you? This article includes steps to prevent credit fraud, and how to deal with it if it does occur.
Credit Regulations
Information is being collected about your credit behavior and used by others to rate you. Learn what your rights are when it comes to credit laws. Understand the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA), and the Fair Debt Collection Practices Act (FDCPA), and how they protect you.
Choosing a Credit Card
Trying to find the right credit card? Learn how to evaluate fees, perks, and the associated fees before making your decision.
|
