Open end credit in economics and finance

95 views Feb 6, 2024

Hello everyone! Welcome to today's lesson on open end credit. In the world of economics and finance, open end credit plays a pivotal role. It refers to a type of credit arrangement where the borrower is provided with a pre-approved credit limit, and they can borrow and repay funds within that limit as per their requirement. This form of credit is often associated with credit cards and lines of credit.

#Business Finance
#Commercial Lending
#Credit & Lending
#Credit Cards
#Debt Management
#Economics
#Loans