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单词 open-end
释义

open-end

adjective

ˈō-pən-ˈend How to pronounce open-end (audio)
: 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

Word History

First Known Use

1917, in the meaning defined above

Legal Definition

open-end

adjective

: 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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更新时间:2024/11/11 15:53:29