avakrediit
Avakrediit is a term originating from Estonian financial terminology. It translates directly to "open credit" or "availability credit" in English. Essentially, avakrediit refers to a credit line or a facility that a borrower can access as needed, up to a pre-approved limit. This type of credit is characterized by its flexibility, allowing the borrower to draw funds when required and repay them according to agreed-upon terms.
Unlike a traditional installment loan where a fixed amount is disbursed at once, avakrediit provides ongoing
The terms and conditions of an avakrediit, including the credit limit, interest rate, and repayment schedule,