| Library / English Dictionary |
OPEN-END CREDIT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A consumer credit line that can be used up to a certain limit or paid down at any time
Synonyms:
charge account credit; open-end credit; revolving credit
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("open-end credit" is a kind of...):
consumer credit (a line of credit extended for personal or household use)
Hyponyms (each of the following is a kind of "open-end credit"):
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)
