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open-ended account
[/ˈoʊ.pən ˈɛn.dɪd əˈkaʊnt/]
noun
pl: open-ended accounts
conta aberta
1.
A financial account that allows for ongoing transactions without a predetermined end date or limit
The customer maintains an open-ended account with the bank to manage recurring payments.
O cliente mantém uma conta aberta com o banco para gerenciar pagamentos recorrentes.
2.
A credit arrangement where the borrower can repeatedly withdraw and repay funds up to a set limit
An open-ended account provides flexibility for businesses with variable cash flow needs.
Uma conta aberta fornece flexibilidade para empresas com necessidades variáveis de fluxo de caixa.
Synonyms
revolving account
line of credit
credit line
open account
Antonyms
closed account
fixed-term account
term loan
Regional Variations
General Brazilian
conta aberta
Most common usage in Brazilian Portuguese
Brazil
conta corrente
Sometimes used interchangeably when referring to checking accounts
Portugal
conta aberta
Standard usage in European Portuguese
Portugal
crédito permanente
Alternative term emphasizing the continuous credit nature
Related Idioms & Phrases
keep an account open
open a line of credit
revolving credit arrangement
flexible payment terms
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