open-end credit
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Related to open-end credit: credit facilities
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Noun | 1. | open-end credit - a consumer credit line that can be used up to a certain limit or paid down at any time consumer credit - a line of credit extended for personal or household use charge card, charge plate, credit card, plastic - a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered; "do you take plastic?" debit card - a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account smart card - a plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor; typically used to perform financial transactions check overdraft credit, overdraft credit - credit provided by a bank in honoring a customer's overdrafts |
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