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
An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.
A closed mortgage has restrictions on prepayment and renegotiation, while an open mortgage allows for more flexibility in paying off the loan early without penalties.
I just did this on my own crdit report. Just go to each of the credit bureaus, open a free investigation regarding the closed nature of the car loan and the fact that it remains "open" in their report. They will investigate and should convert the open account to a "paid and closed".
the difference between installment credit and open ended credit is they are the same..
Open end credit means khullam khulla udhar lena band.Closed end credit means chup k udhar lena band
one is open and the other is closed
there is no difference. they are both 42.
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.
Shoes are closed in and Sandals are open.
Public is open, private is closed.
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An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.
the difference between open and closed population is that ...................................................................................................................................................................... go some where else to find the answer not on wiki awners.com
Gutters are normally open Sewer piping is closed
A closed mortgage has restrictions on prepayment and renegotiation, while an open mortgage allows for more flexibility in paying off the loan early without penalties.
Pressure rises in the tube.
an inlet has a closed end a straight is open both ends