SpletA line of credit is an open-end financial product that lets you borrow up to a predetermined credit limit and repay based on what you borrowed. As you repay, your credit becomes available again, letting you borrow as needed. Some common features of a line of credit include: You may borrow money up to your available credit limit. SpletSynonyms for PAY OFF: buy-off, pay back, get, fix, settlement, conclusion, reward, result, discharge, let-go, liquidate, pay, drop from the payroll, make up, compensate, redeem. ...
How does paying off a line of credit work? - FinanceBand.com
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Prepayment Penalty: What It Is And How To Avoid It
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