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Open: 1. A tournament in which any eligible competitor can play, if they qualify 2. ('open clubface, open stance') refers to the alignment of the body/stance or clubface - for a right-handed play . . . View Full Definition

Reopen An Issue: The Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue.

Open Poetic Form: A poem of variable length, one which can consist of as many lines as the poet wishes to write. Every poem written in open poetic form, therefore, is unique. Open poetic form contrasts with c . . . View Full Definition

Opening: The first transaction in each security or commodity when trading begins for the day occurs at what's known as its opening, or opening price. Sometimes the opening price on one day is the sam . . . View Full Definition

Open-Market Rates: Interest rates that are determined in the open market by supply and demand, as opposed to being set by the Federal Reserve Board.

Open Source: Software which is distributed with its source code such that developers can modify it as they see fit. On the web open source is a great strategy for quickly building immense exposure and mindshare.

Open Depending On The Floor: Used for listed equity securities. Having room for a customer buyer or seller contingent on the results of a trade being executed on the floor (i.e., satisfying the specialist book and the o . . . View Full Definition

Open System: A system that can be adjusted for new functions or purposes, and hence produce new and unpredicted results. Human language is an example of an open system. To a lesser extent, so is XML code . . . View Full Definition

Federal Open Market Committee (FOMC): The Open Market Committee (FOMC) of the Federal Reserve Board meets eight times a year to evaluate the threat of inflation or recession. Based on its findings, the 12-member FOMC determines . . . View Full Definition

Open-End Mutual Fund: Most mutual funds are open-end funds. This means they issue and redeem shares on a continuous basis, and grow or shrink in response to investor demand for their shares. Open-end mutual funds . . . View Full Definition