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How does an open end loan work 2024?

Isabella Lopez | 2023-05-05 02:28:54 | page views：1883
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Amelia Martin

Studied at the University of Cape Town, Lives in Cape Town, South Africa.
Open-end credit is a preapproved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due. The preapproved amount will be set out in the agreement between the lender and the borrower.
2023-05-14 02:28:54
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Mason Hall

QuesHub.com delivers expert answers and knowledge to you.
Open-end credit is a preapproved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due. The preapproved amount will be set out in the agreement between the lender and the borrower.
Open-End Credit - Investopedia
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