open-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
See open-end in American Heritage Dictionary 4
(ōˈpən-ĕndˈ)
adjective- Having no definite limit of duration or amount: an open-end contract.
- Continually issuing new shares or buying back existing shares from shareholders: an open-end mutual fund.
- Permitting the borrowing of additional funds under existing terms: an open-end mortgage.
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