Any loan in which a fixed amount of money is given in the beginning for a specific time period. For example most car loans are closed-end loans because you will be given the full value of the car at the time of sale to give to the seller, and then expected to pay back the financier typically between 3 and 5 years.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser