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open–end

adjective

Definition of open–end

  1. :  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



1917

First Known Use of open–end

1917


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