closed-end loan

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Definition of closed-end loan words

noun closed-end loan A closed-end loan is a loan such as an auto loan, with fixed terms, and where the money is lent all at once and paid back by a particular date. 3

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adjective

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exclamation

A common word. It’s meaning is known to most children of preschool age. About 88% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

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