Sentences with phrase «ended type of credit line»

Not exact matches

Business credit cards and business charge cards are very similar to one another — you can use either type of card to make purchases against a line of credit, which has to be paid either partially or in full by the end of the month.

A line of credit is a type of revolving account which means that the borrower can spend the money, repay it and spend it again, in a virtually never - ending, revolving cycle.

The secured line of credit, also known as home equity line of credit (HELOC) is an open - ended secured type of loan.

There are two distinct types of loans that can be taken out as part of a second lien: the Home Equity Line of Credit, and the Closed - End second.

This type of credit is known as revolving credit because the line of credit is open - ended.

A business line of credit is a type of open - end loan that allows you to withdraw money as needed for your company.