Vocab Bloom Hub

open-end credit

/ˈəʊpən ɛnd ˈkrɛdɪt/

翻译: 一种预先批准的循环信贷额度,借款人可在限额内多次借用、偿还后额度自动恢复,可反复使用。常见形式包括信用卡、循环贷款和信用额度。

1 个条目

phrase

/ˈəʊpən ɛnd ˈkrɛdɪt/C1formalbusiness
  • zh一种预先批准的循环信贷额度,借款人可在限额内多次借用、偿还后额度自动恢复,可反复使用。常见形式包括信用卡、循环贷款和信用额度。

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.

    zh循环信贷额度

    • 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.