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open-end

open-end definition

open-end (ō′pən end′)

adjective

of or pertaining to an investment company that has no fixed limit to the number of shares issued, so that the shares are issued and redeemed as demand requires
allowing the borrowing of additional funds over a period of time on the original security
open-ended

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.