open-end

adjective \ ˈō-pən-ˈend \

Definition of open-end

: organized to allow for contingencies: such 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

in the meaning defined above

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Law Dictionary

open-end

adjective

legal Definition of open-end

: 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-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-end contract

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