Closed-End Line of Credit Definition

Closed-End Line of Credit Definition

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A closed-end line of credit allows borrowers to take out money over a specified period of time, after which it must be repaid in full.

Truth in Lending Act (TILA) – Disclosures and Requirements

Unsecured Loans: Borrowing Without Collateral

What Is a Closed-End Credit?

Personal loans & lines of credit

Term Sheets: Definition, What's Included, Examples, and Key Terms