closed end is like a car loan or mortgage where you agree repayments and have a fixed end date. open end is like a credit card ... you pay a minimium repayment each month but it could go on forever
Outside of a business setting, or home mortgage, No.
What is a Open end mortgage loan?
closed-end credit :)
bring a loan to an end
The head end of a tube can be the closed end. This depends on what the tube's purpose in the car is.
Loan origination date is the date that the loan was started. It may also be called "closed date". The difference between the loan origination date and the loan maturity date is the term of the loan.
Its just closed for overdraft
Open end credit is when a borrower can continue to borrow and pay off in various amounts, such as a credit card. Closed end is when the lender tells the borrower how much they can borrow and a fee schedule is set up which the borrower will pay until the debt is paid off, such as a car loan.
closed, no hole
A closed end fund means that an investment company that raises a fixed amount of capital goods, gets is listed and traded on the stock exchange. This word means closed end mutual funds, but closed end fund is short.
Yes, an installment loan is a perfect example of closed-end credit since the amount must be paid off in full by a specified date in the future. Good examples of installment loans traditionally include: auto loans, mortgages and unsecured personal loans.
a closed question is a question that has been ended a question end when it has some kind of punctuation at the end.
The loan must be paid out of the estate (sell of home, life insurance policy, etc...) Otherwise, the estate will be held up in litigation and will not be closed or the beneficiaries will be forced to pay the loan.
Not many..A loan is not closed until it has funded..Apparently in your case, you are not dealing with an aboveboard lender or mortgage broker..Unless you do what the lender wants, you will not get the loan..Remember..He/She who has the $$$ makes the rules..After a home loan has closed, a lender can ask you to help correct documentation, but can not change the terms of the transaction.
yes, all accounts must be closed at the end of the period on the income statement
Which of the following accounts will be closed to the Capital account at the end of the fiscal year?
A stand alone second mortgage is a second loan taken out against your home when you already have 1 loan on it. The only difference is that the second loan was closed at a later time.
Yes he has gone on loan until the end of the season.
No it can not be paid at the end of the loan. Credit life is to insure the creditor. If you pass away before the loan is paid credit life will pay off the loan. If there is no cosigner then why would you insure the creditor? There is no advantage to you at all for getting credit life.