open–end

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adjective \ˈō-pən-ˈend\

Definition of open–end

  1. :  organized to allow for contingencies: such asa :  permitting additional debt to be incurred under the original indenture subject to specified conditions an open–end mortgageb :  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


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–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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