closed-end loan
A loan that must be paid off within a certain period of time. Compare: open-ended loan
Category: Bankruptcy, Foreclosure & Debt

Nolo’s Plain-English Law Dictionary. . 2009.

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  • open-end — ˈopen end adjective [only before a noun] an open end fund or trust does not have a fixed number of shares: • an open end mutual fund * * * open end UK US adjective ► (also open ended) FINANCE used to describe an investment fund in which shares… …   Financial and business terms

  • Unfunded loan commitments — are those commitments made by a Financial institution that are contractual obligations for future funding. They should not be confused with Letters of credit which require certain trigger events before funding is needed.Typically, unfunded… …   Wikipedia

  • Unlawful Loan — A generic term used to describe the act of giving money to another party in exchange for future repayment of the principal amount plus interest in a way that breaks a law. Examples include loans with illegally high interest rates, loans in… …   Investment dictionary

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