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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


Law Dictionary

open–end

adjective

Legal Definition of open–end

  1. :  organized to allow for contingencies: as a :  permitting additional debt to be incurred under the original debt instrument subject to specified conditions — see also open-end mortgage at mortgage b :  having 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{ndash}end investment company> — compare closed-end c :  calling for the filling by a particular contractor of all government needs for a specific product during a specified period <an open{ndash}end contract>




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