# Loan, closed also loan on fixed terms (cloed-end loan)

- Canonical URL: https://www.gerhardmerk.de/loan-closed-also-loan-on-fixed-terms-cloed-end-loan
- Post ID: 590411
- Modified: 2023-07-25T21:02:25+00:00
- Language: en

## Definition

The common type of credit arrangement in which the lender, at the time credit is first extended, limits the amount of credit to a specific amount, determines the length of time for repayment and determines the amount of each periodic payment. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1