a good example of an open-end credit is

With a closed-end loan you borrow a specific amount of money for a set period of time. B the mortgage loan from a savings and loan institution.

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In the consumer market home equity loans are an example of an open-end credit which allows homeowners to access.

. Automobile loan from a credit union. Credit cards can be used to. A secured credit card and home equity line of credit are examples of secured.

Using a cashiers check to pay for. A credit line that you use at a supplier. A mortgage loan from a savings and loan institution.

The use of a bank credit card to make a purchase. B the mortgage loan from a savings and loan institution. Finance questions and answers.

The mortgage loan from a savings. Credit cards refer to a card issued by a financial institution which allows a. B the mortgage loan from a savings and loan institution.

A good example of an open-end credit is. Some examples of open-end credit cards include Visa MasterCard and. Credit card accounts home equity lines of credit HELOC and debit cards are all common examples of open-end credit though some like the HELOC have finite payback.

Common examples of revolving-open end. Installment loan for purchasing a major appliance. Key points to know about open end credit.

The use of a bank credit card to make a purchase. In the consumer market home equity loans are an example of an open-end credit which allows homeowners to access funds based on the level of equity in the homes. Suppliers frequently extend short-term credit to.

A credit card issued by VISA or MasterCard. 173 A good example of an open-end credit is. Linking a credit card with a business offering rebates on products and services.

A pre-approved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back. A good example of an open-end credit is A the use of a bank credit card to make a purchase. A good example of an open end credit is A the use of a bank credit card to make A good example of an open end credit is a the use of School University of Alberta.

Revolving open-end credit is designed to be used repeatedly with a predefined credit limit approved by credit card companies. A installment loan from a furniture store. A good example of an open-end credit is.

Open-end credit cards are the most common type of credit card and are issued by most major credit card companies. A ____ of credit is an example of an open-end credit. C automobile loan from a credit union.

Credit cards are the most common form of open-end credit. Examples of open-end credit. Open end credit is a pre-approved loan.

Store or service credit cards and home equity credit lines are also considered to be open end credit. C automobile loan from a credit union. Terms in this set 9 Open end credit.

To better understand open-end credit it helps to know what closed-end credit means. A secured open-end loan is a line of credit thats secured by or attached to a piece of collateral. Store cards bank credit cards.

A credit card issued by a department store. Good examples of installment loans traditionally include. You may still owe on one purchase while you are purchasing yet another shipment.

C automobile loan from a credit union. A good example of an open-end credit is A the use of a bank credit card to make a purchase. _____ is a good example of a closed-end credit.

Installment loan from a furniture store. Chapter 006 Introduction to Consumer Credit 77. Credit cards are one of the most common types of open-end loans and can be issued by businesses banks and other lenders.

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