Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,786,134 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Open-End Credit

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

A type of revolving account that permits an individual to pay, on a monthly basis, only a portion of the total amount due.

This type of Consumer Credit is frequently used in conjunction with bank and department store credit cards.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Legal browser?   Full browser?
No references found
 
While lawmakers and aides didn't intend to include the provision on open-end credit in the legislation, it may not be simple to remove, said NAFCU Director of Legislative Affairs Brad Thaler.
For both closed- and open-end credit, the required information includes the period of time that teaser rate would be in effect, and the APR of the loan (or current payment) after the initial rate expires.
72) Additionally, TILSRA required that other charges, which were not considered to be finance charges, be disclosed for open-end credit products.
 
 
 
Legal Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.