Closed-End Credit

Closed-End Credit
A loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid, including any interest and finance charges, by a specified date. The loan may require periodic principal and interest payments, or may require the entire payment of principal at maturity.

In this type of loan or credit arrangement, the full amount owed must be paid back by the borrower by a set point in time. Most real estate and auto loans are closed-end credit, while credit cards and home-equity lines of credit are open-end or revolving lines of credit.


Investment dictionary. . 2012.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • closed-end credit — Credit extensions in which the borrower receives the entire proceeds of the loan at or shortly after the loan is closed. In closed end credit facilities, the amount borrowed cannot increase after it has been disbursed and partially repaid. Closed …   Financial and business terms

  • Closed-end leasing — is a contract based system governed by law in the U.S. and Canada. It allows a person the use of property for a fixed term, and the right to buy that property for the agreed residual value when the term expires. Closed end leases are so called… …   Wikipedia

  • close-end credit — An agreement in which advanced credit plus any finance charges are expected to be repaid in full over a definite time. Most real estate and automobile loans are closed end agreements. Bloomberg Financial Dictionary …   Financial and business terms

  • Credit card interest — Finance Financial markets Bond market …   Wikipedia

  • Credit enhancement — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • Credit bureau — A credit bureau (United States), or credit reference agency (United Kingdom) is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. It is an organization …   Wikipedia

  • Consumer Credit Delinquencies Bulletin — A quarterly newsletter targeted to CEOs, senior bank executives and loan officers based on a quarterly survey that tracks closed end consumer loans across 300 U.S. banks to help banks evaluate their loan portfolios and compare themselves to their …   Investment dictionary

  • Comparison of open source and closed source — Open source the source availability model used by free and open source software (FOSS) and closed source are two approaches to the distribution of software. Contents 1 Background 2 Commercialization 2.1 Proprietary software …   Wikipedia

  • Social Credit Party of Ontario — The Social Credit Party of Ontario (SCPO) (also known as the Ontario Social Credit League, Social Credit Association of Ontario and the Union of Electors) was a minor political party at the provincial level in the Canadian province of Ontario… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”