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Close end credit |
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Close end creditAn 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.Close end credit Similar MatchesDomestic creditDomestic creditCredit extended by a country's central bank to domestic borrowers, including the government and commercial banks. In the United States, the largest component by far is the Fed's holdings of U.S. government bonds, but it also makes some short-term loans to banks to use as their reserves. Credit agenciesCredit agenciesCompanies such as Equifax or Experian that are often used by lenders to assess your financial background and determine the level of risk involved with lending you money. CreditCredit1. Recorded as positive (+) in the balance of payments, any transaction that gives rise to a payment into the country, such as an export, the sale of an asset (including official reserves), or borrowing from abroad. Opposite of debit. 2. A loan. For example, a trade credit. Full faith and credit obligationsFull faith and credit obligationsThe security pledges for larger municipal bond issuers, such as states and large cities that have diverse funding sources. Credit enhancementCredit enhancementPurchase of the financial guarantee of a large insurance company to raise funds. Further SuggestionsExport Credits Guarantee DepartmentNational Foundation for Consumer Credit Revolving credit agreement credit reference agency Earned income credit Open end credit credit card pension credit Consumer Credit Protection Act of 1968 Credit rating bank giro credit creditor days Credit Credit balance Eurocredits Credit insurance Accredited investor Federal Farm Credit Bank credit spread credit Demand line of credit Confirmed Letter of Credit Standby letter of credit Backup Line of Credit Bank Letter of Credit Policy |
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