open-end


open-end
adjective Date: 1917 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

New Collegiate Dictionary. 2001.

Look at other dictionaries:

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  • open-endinvestment company — open end investment company n. A mutual fund. * * * …   Universalium


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