A loan that does not have a definitive end date. For example, revolving lines of credit such as those offered by credit cards would be considered open-ended loans.
Related information about open-ended loan:
- The Difference between Open-ended and Closed-Ended Loans
Dec 7, 2007 ... KATE,. I am a first time home buyer. How can an open ended loan help me if I wanted a $250,000.00 Loan?
- What is open-ended loan? definition and meaning
Definition of open-ended loan: A loan that does not have a definitive end date. For example, revolving lines of credit such as those offered by credit cards would ...
- Open-Ended Loan | Nolo's Free Dictionary of Law Terms and Legal ...
A loan that does not have a definite term or end date -- for example, a credit card account or line of credit.
- Open Ended Loan Agreement.indd - Patelco Credit Union
given notice of the right to opt out of the changes by closing your Account. Please refer to the change in terms notice mailed or delivered on or before December ...
- What Is an Open Ended Mortgage Loan? | eHow.com
These loans are generally referred to as home equity line of credit (HELOC) loans and work like a credit card. The open-ended loan will come with a set credit ...
- How to Choose a Closed or Open-End Home Equity Loan | Home ...
Choose an open-ended loan when you require a constantly available line of ... Pay for college tuition with an open-ended loan, or for long-term medical care.
- Bridging Loan
An open ended loan was traditionally the harder form of bridging loan to get. ... An open ended loan would allow you to purchase the new home while still trying ...
- Open-End Credit Accounts - Financial Web
An open-ended credit account, also known as a revolving account, is a credit plan in which the creditor has a reasonable expectation of repeated transactions, ...