open - end credit is\na loan given for a short period of time that is not dependent on credit…

open - end credit is\na loan given for a short period of time that is not dependent on credit history.\npledged to a company as security for a loan repayment.\nan amount of time during which a loan can be repaid without interest.\nan agreement with an institution on a certain amount that can be repeatedly borrowed.

open - end credit is\na loan given for a short period of time that is not dependent on credit history.\npledged to a company as security for a loan repayment.\nan amount of time during which a loan can be repaid without interest.\nan agreement with an institution on a certain amount that can be repeatedly borrowed.

Answer

Brief Explanations:

Open - end credit is a pre - approved credit line that a borrower can access repeatedly up to a certain limit. It's like a credit card where you can borrow, repay, and borrow again. The other options describe different financial concepts such as short - term loans not based on credit history, collateral for loans, and interest - free repayment periods, which are not open - end credit.

Answer:

an agreement with an institution on a certain amount that can be repeatedly borrowed.