Closed-end loan. Automobile financing and motorboat loans are normal samples of closed-end loans.

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Closed-end loan. Automobile financing and motorboat loans are normal samples of closed-end loans. A closed-end loan is just a variety of loan by which a hard and fast quantity is lent after which reimbursed over a certain duration. By comparison, open-end loans such as for example charge cards might have the quantity owed fall and […]