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.

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