Closed-End Credit vs. an Open-End Line of Credit: What's the Difference?

Understand the difference between closed-end credit and an open line of credit, as well as how individuals and businesses use each type.

Closed-End Credit vs. an Open-End Line of Credit: What's the Difference?
Understand the difference between closed-end credit and an open line of credit, as well as how individuals and businesses use each type.