open-end
adjective
ukusFINANCE(alsoopen-ended)
used todescribeaninvestmentfundin whichsharescan beboughtat anytimebecause there are nolimitsto how manysharesareavailable:
This is an open-endfundthatinvestsinpubliclytradedcompanies.
FINANCE(alsoopen-ended)
used todescribealoanin whichextraamountsofmoneycan beborrowedlaterwith the sameconditionsas theoriginalloan
US
→open-ended:
workerson open-endcontracts
Compare
closed-end
OEIC