Credit Card Glossary: Terms and Definitions
A closed-end loan is a type of loan in which a fixed amount is borrowed and then paid back over a specified period. Auto loans and boat loans are common examples of closed-end loans. By contrast, open-end loans such as credit cards can have the amount owed go up and down as the borrower takes money against a credit line.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.