an example of open-end credit is a(n) ____

Which is better open credit or secured credit. For example when a sale is made a customer could choose to pay with.

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With some forms of open-end credit theres no end date.

. A one-time loan paid back over a specified period of time with payments of usually somewhat equal amounts. An example of open-end credit is aautomobile loans binstallment sales credit cmortgage loans drevolving check credit 11. Interest or finance charge.

Open credit accounts are unsecured credit and no collateral is attached to. For example assume a borrower obtains a 200000 open-end mortgage to purchase a home. Which is the best example of open end credit.

Which of the following is an example of a conventional. A line of credit is a type of open-end credit. Credit card accounts home equity lines of credit HELOCs and debit cards are all common examples of.

Credit card holders are known as convenience users. Which is the best example of open end. An example of open-end credit is a.

Open end credit is when a borrower can spend up to a certain amount. Study with Quizlet and memorize flashcards containing terms like An example of open-end credit is an ____. Open-end credit also called revolving credit can be defined as a line of credit that gives the borrower a certain limit of credit and the ability to frequently borrow as little or as.

This has varying payment depending on how much you spend. An example of open-end credit is mortgage loans as there are specific open end mortgage loans available so correct option will be C mortgage loans Automobile loans and. An open-end loan for example a credit card is a pre-approved loan between a financial institution and a borrower that can be used repeatedly up to a certain limit and then.

Open-end credit is not restricted to a specific use. Installment sales credit wwillis9519 is waiting for your help. Open-end credit is not restricted to a specific use or duration.

Revolving check credit b. An example of open end credit is A the use of a bank credit card to make a. For example with a credit card you can repay your balance and reborrow as long as the card issuer allows you to continue using.

The periodic charge in exchange for the use of credit. Closed-end credit includes debt instruments that are acquired for a particular purpose and a set amount of time.

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