Dictionary
open–end
adjective
Definition of OPEN-END
: organized to allow for contingencies: as a : permitting additional debt to be incurred under the original indenture subject to specified conditions <an open–end mortgage> b : having a fluctuating capitalization of shares that are issued or redeemed at the current net asset value or at a figure in fixed ratio to this <an open–end investment company> — compare closed-end
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First Known Use of OPEN-END
1917
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