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
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    types:
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    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
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