open-end credit

Definitions of open-end credit

1. noun

   a consumer credit line that can be used up to a certain limit or paid down at any time
   synonyms: charge account credit, revolving credit

   types:

   charge account, credit account, open account

   credit extended by a business to a customer

   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

   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

   revolving charge account

   a charge account that does not have to be paid to zero balance

   bank card

   a credit card issued by a bank

   calling card, phone card

   a card that is used instead of cash to make telephone calls

   cash card, cashcard

   a credit card that entitles the holder to receive cash

   type of:

   consumer credit

   a line of credit extended for personal or household use