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open-end

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0.01 sec.

o·pen-end (

p

n-

nd

)

adj.

1. Having no definite limit of duration or amount: an open-end contract.

2. Continually issuing new shares or buying back existing shares from shareholders: an open-end mutual fund.

3. Permitting the borrowing of additional funds under existing terms: an open-end mortgage.

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mutual fund

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