open-end
- Structured to accommodate unforeseen situations or future adjustments
- Allows incurring extra debt under the initial agreement while adhering to certain constraints
- Involves changing capitalization of shares, which are given or taken back based on the current asset value or a predetermined ratio to it
- Requires a specific contractor to fulfill all government requirements for a particular product during a certain time frame
- The open-end agreement left room for modifications based on changes in project scope.
- The loan was open-end and allowed the business to incur additional debt under certain conditions.
- The open-end program enables fluctuating capitalization of shares at their current net asset value.
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