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

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z