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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.
What else can I help you with?
What is the difference between a straight and an inlet?
an inlet has a closed end a straight is open both ends
What is the difference between open cup and closed cup flash point?
The fuel sample in the open cup is exposed to air,thereby decreasing it's vapor pressure when compared to the same in a closed cup.
What is the difference between a closed hydraulic system and an open hydraulic system?
A system which can exchange mass as well as matter with the surroundings is called anopen system.Example:- Heating of CaCo3 in an open bulb.A system which can exchange energy but not matter is called a closed system.Example:- Calcination of CaCo3 in a sealed bulb.
What is the difference between open loop and closed loop gains of an op amp?
A: Usually by looking at the specification for that op-amp and there will be accuracy deviation from device to device. To use it open loop is practically impossible all it tells from specification that there will be enough gain when the loop is closed and the max frequency available
What is the difference between flow process and non flow process?
Flow process takes place in open system & non-flow process takes place in closed system.
What is the difference between an open and closed community?
one is open and the other is closed
What is the difference between an open universe and a closed universe?
there is no difference. they are both 42.
What is the difference between an open DNS and a closed DNS?
There is one major difference between an open DNS and a closed DNS. Open DNSs allow multiple users to connect easily while closed ones do not allow more users.
What is the difference between shoes and sandals?
Shoes are closed in and Sandals are open.
The difference between private and public administration?
Public is open, private is closed.
What is the difference between open bases and closed bases in youth baseball?
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What is the difference between open populations and closed populations?
Open populations allow for movement of individuals in and out, leading to changes in population size and composition over time. Closed populations have no movement of individuals in or out, maintaining a constant population size and composition.
What is the difference between a gutter and a sewer?
Gutters are normally open Sewer piping is closed
What is the difference between a straight and an inlet?
an inlet has a closed end a straight is open both ends
What is the difference between closed heat pipe and open heat pipe?
Pressure rises in the tube.
What is the difference between open-source and closed-source software?
The answer is in the question itself. Open-source software has it's source code available to everyone. Closed-source software does not.
What is the difference between an open and closed tender?
The difference between an open and closed tender is located on the range of the bidders. Open tenders allow any supplier to bid for your business and also can be useful in establishing the average cost of systems and standard inclusions/ exclusions which closed tender invites select suppliers who have been identified meet or close to your requirements.
