Understanding Open - End Credit
2:31
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Understanding Open - End Credit
Explain : Open - End Credit Open-end credit is a preapproved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due. The preapproved amount will be set out in the agreement between the lender and the borrower. Open-end credit also is ...
1.9K viewsSep 30, 2021
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