Definitions of open-end credit
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a consumer credit line that can be used up to a certain limit or paid down at any time
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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
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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
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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
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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
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check overdraft credit, overdraft credit
credit provided by a bank in honoring a customer's overdrafts
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revolving charge account
a charge account that does not have to be paid to zero balance
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bank card
a credit card issued by a bank
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calling card, phone card
a card that is used instead of cash to make telephone calls
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cash card, cashcard
a credit card that entitles the holder to receive cash
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type of:
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consumer credit
a line of credit extended for personal or household use
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘open-end credit'.
Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors.
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