open-end

open–end

adj

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

First Known Use of OPEN-END

1917