Types of credit extensions that permit borrowers to add to the amount borrowed, usually in irregular amounts, at various times subsequent to the granting of the credit. Examples include credit card loans, personal lines of credit, and home equity lines of credit.
Revolving line of credit that is extended with every purchase or cash advance.
Open-end credit is a reusable line of credit, such as a credit card.
Credit where the borrower has the ability to borrow, repay and re-borrow, such as credit cards or revolving lines of credit, secured or unsecured.
a consumer credit line that can be used up to a certain limit or paid down at any time
a form of credit that does not have an upper limit on the amount that can be borrowed or a time limit before repayment is due.
A consumer line of credit that may be used repeatedly up to an established overall limit. Commonly known as revolving credit or a charge account, in which the customer may pay in full or in installments that include a finance charge. The term does not include negotiated advances under an open-end real estate mortgage or a letter of credit.
A credit plan under which a creditor allows an applicant to make purchases or obtain loans up to a pre-approved limit without negotiating a new contract each time.
A line of credit that may be used over and over again, including credit cards, overdraft credit accounts, and home equity lines.
A line of credit that may be used continuously, includes credit cards, overdraft credit accounts, and home equity lines.
A loan agreement in which credit is continuously granted to a predetermined maximum and the borrower is billed periodically to make full or partial payment.
line of credit that can be used over and over again. This includes overdraft credit accounts, credit cards, and home equity lines.
is a line of credit that may be used repeatedly, including credit cards, overdraft credit accounts, and home equity lines.
Credit for which a borrower has continuous access, that can be used over and over again during an indefinite period of time. A credit card is an open-end credit.
A line of credit that may be used repeatedly up to a certain limit. (Also called a charge account or revolving credit.)
