A transaction with a fixed payment period and a set amount of money that must be paid during that period. Closed-end transactions are handled differently from open-end transactions, such as a purchase using a line of credit, in which payments are not fixed at the inception of the transaction.
Related information about closed-end transaction:
- What is closed-end transaction? - BusinessDictionary.com
Definition of closed-end transaction: A transaction in which credit is extended only once for a specific amount over a specific period, meaning the money must be ...
- What is closed-end transaction? - InvestorWords.com
Definition of closed-end transaction: A transaction with a fixed payment period and a set amount of money that must be paid during that period. Closed-end ...
- Definition of Closed-End Transaction
search · TeachMeFinance.com - explain Closed-End Transaction. Closed-End Transaction -- A credit transaction with a fixed amount of time for repayment.
- What is CLOSED-END TRANSACTION? - The Law Dictionary
Definition of CLOSED-END TRANSACTION: A transaction with extended credit for a specific amount over a specific period available only once . The money ...
- Truth in Lending - Board of Governors of the Federal Reserve System
The disclosed APR on a closed-end transaction is accurate for: • Regular transactions (which include any single advance transaction with equal payments and ...
- Regulation Z - Board of Governors of the Federal Reserve System
a closed-end transaction are $5 if the amount financed is $1,000 or less and $10 if the amount financed exceeds $1,000 (see diagrams on follow ing pages).
- The Attorney General's Guide to Consumer Credit (PDF - Mass.Gov
In a closed end transaction credit is extended just once; for instance, in the form of a car loan. In an open end transaction, credit is extended in an ongoing way.
- CHAPTER 26.1-37
For credit property insurance sold in conjunction with a closed-end transaction, an insurer may not issue credit property insurance coverage unless the amount ...