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 type of credit where a borrower has a pre - approved credit limit from a lender. They can borrow, repay, and borrow again up to that limit. It's like a revolving line of credit such as a credit card.

Answer:

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