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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 MatchesCredit reference agencyCredit reference agencyAn agency which holds information about the credit reliability of consumers and makes the information available at a fee to companies offering credit terms (e.g. credit card companies, mail order companies). 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. Federal credit agenciesFederal credit agenciesAgencies of the federal government set up to supply credit to various classes of institutions and individuals, e.g., S&Ls, small business firms, students, farmers, and exporters. CreditCreditIn the trading terms between companies, credit is the value of goods which one company will supply to another before payment is necessary. So a supplier might extend credit of £10,000 to Company B and allow 60 days from the contract date before payment is due. If Company B orders goods worth £15,000, Company A would request payment of £5,000 to bring the account with the credit terms, even if the 60 days are not yet up. Bank giro creditBank giro creditA system operated by the clearing banks in which a paper slip/document instructs a bank branch to credit a sum of money to a specified account at that branch. Further SuggestionsNonaccredited investorCredit spread bank credit Credit insurance Confirmed Letter of Credit Consumer credit Domestic credit Creditors committee credit note Credit analysis Eurocredit market credit card credit union Credit card Tax credit unified tax credit Credit risk Creditor nation Line of credit Standby letter of credit Credit balance Consumer Credit Protection Act of 1968 pension credit Credit Terms Creditor |
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