open end credit in a sentence

Open-end loans are also sometimes referred to as revolving credit. These are joined together to form one word.


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Acknowledgment or recognition granted to a person for something they did.

. These are two or more words connected by a hyphen. Example sentences with the word credits. The borrower does not have to take the whole credit limit in one single draw while obtaining funds.

Open-end credit is a type of loan that does not have restrictions on the duration of the loan term length. Cardholders who enjoy the open waters can use their membership to upgrade their stateroom or to earn special. Examples of Credit in a sentence.

At the open-ended interview the human resources manager never asked a question but had me explain what I thought they should know about myself. The wing feathers have rounded ends whereas the other figure s wing feathers are open ended. A consumer credit line that can be used up to a certain limit or paid down at any time.

17 Open end credit means credit extended under a plan in which a creditor may permit an applicant to make purchases or. Examples of Open-ended in a sentence After answering the open-ended question it was difficult to know if I had answered it completely since I could have written a number of things down. Iii The amount of credit that may be extended to the consumer during the.

Closed-end credit includes debt instruments that are acquired for a particular purpose and a set amount of time. But with the original end credits. An agreement between a bank and a company or an individual to provide a certain amount in loans on demand from the borrower.

Generally it is uneconomical and expensive for a borrower to borrow money repeatedly every two or three months and repay it fully. Lines of credit See credit line. Consumer credit - a line of credit extended for personal or household use.

The noun OPEN-END CREDIT has 1 sense. Open-end credit accounts come with limits for consumers to allow them to borrow up to a certain amount of money. An open-end loan also sometimes referred to as open-end credit is a form of borrowing that can be used up to a certain limit before it must be repaid.

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. One of the reasons why an open-end credit is preferred is that it makes money available to borrowers if and when it is needed. For example if you have a credit card with a 15000 limit you have an open-end loan because you can use up to 15000 but you only actually borrow what you use.

Not everyone cares whether or not they receive credit for their work so long as their work benefits mankind as a whole. Compound words are words that are formed by connecting two or more words together to create a new meaning. Charge account credit revolving credit.

The regulation carefully defines open-end credit as consumer credit extended under a plan in which i the creditor reasonably contemplates repeated transactions. When you see the dreadful person be polite but dont ask any open-ended questions. Tax credits are normally paid into a bank or building society account or a Post Office card account.

For purposes of this regulation unless the context indicates otherwise the following definitions apply. And iii the amount of credit that may be extended to the consumer during the term of the plan up to any limit set by. These are spelled as two separate words.

Nothing is more low and cowardly than to take credit and glory for something someone else has done. Sew the sides together creating an open-ended cylinder. Advantages of Open Credit.

Open End Credit synonyms Open End Credit pronunciation Open End Credit translation English dictionary definition of Open End Credit. An arrangement for borrowing from a bank where money can be taken and paid back up to an agreed. Broad unlimited or unrestricted.

I The creditor reasonably contemplates repeated transactions. Charge account credit account open account credit extended by a business to a customer charge card charge plate credit card plastic a. 1 n a consumer credit line that can be used up to a certain limit or paid down at any time Synonyms.

2262 a 20 Open-end credit means consumer credit extended by a creditor under a plan in which. Closed-end credit on the other hand is a loan for a set amount and you get all the money up front. Charge account credit account open account - credit extended by a business to a customer.

Charge account credit revolving credit Types. They are written in three ways. The borrower is able to withdraw indefinitely until the limit is met.

Ii the creditor may impose a finance charge from time to time on an outstanding unpaid balance. WAC 162-40-041 is the relevant regulation and it defines the term open end credit as follows. Ii The creditor may impose a finance charge from time to time on an outstanding unpaid balance.

Open-end credit - a consumer credit line that can be used up to a certain limit or paid down at any time. Having no set limits as to duration direction amount number etc. OPEN-END CREDIT used as.

An arrangement for borrowing from a bank where money can be taken and paid back up to an agreed. When you use the card to buy groceries and spend 100 you only owe 100. How to use credits in a sentence.


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