Closed-End Credit

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Definition: Closed-End Credit

Closed-End Credit
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Full Definition of Closed-End Credit

Credit which is to be repaid in full (along with any interest and finance charges) by a specified future date. Most real estate and auto loans are closed-end. opposite of revolving line of credit.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/closed-end-credit/
Modern Language Association (MLA):
Closed-End Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/closed-end-credit/.
Chicago Manual of Style (CMS):
Closed-End Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/closed-end-credit/ (accessed: April 16, 2024).
American Psychological Association (APA):
Closed-End Credit. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/closed-end-credit/

Definition Sources

Definitions for Closed-End Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.