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open-end credit

/ˈəʊpən ɛnd ˈkrɛdɪt/

Traducción: Acuerdo financiero en el que el prestamista otorga al prestatario un límite de fondos previamente aprobado que puede utilizarse de forma reiterada, con condiciones de reembolso que permiten volver a disponer del crédito a medida que se paga la deuda.

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/ˈəʊpən ɛnd ˈkrɛdɪt/C1formalbusiness
  • esAcuerdo financiero en el que el prestamista otorga al prestatario un límite de fondos previamente aprobado que puede utilizarse de forma reiterada, con condiciones de reembolso que permiten volver a disponer del crédito a medida que se paga la deuda.

A financial arrangement where a borrower is given a pre-approved limit of funds that can be drawn upon repeatedly, with repayment terms that allow the credit to be used again as the balance is paid down.

  1. Revolving credit lineB2formal

    A type of credit arrangement where a borrower can repeatedly borrow money up to a certain limit, repay it, and borrow again without reapplying.

    esLínea de crédito renovable

    • Credit cards are a common form of open-end credit.
    • With open-end credit, you only pay interest on the amount you actually use.
    • The bank approved a $10,000 open-end credit line for the small business.