Open Contracts: Contracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity.

 

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Open Contracts: Contracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity.

Open Interest: The net amount of outstanding open positions, either long or short, in a given futures or options contract.

Open Up: Used in the context of general equities. Disclose more information (e.g., the exact price and quantity of one's potential interest). See: Put pants on it.

Open world: This is a game world that allows players to roam freely, and break out of the typically linear structure that most games provide.

Open Transaction: A transaction that is not completed at the end of the accounting period: a purchase that has not yet been paid for or a sale where payment is yet to be collected when the accounting period ends.

Open Ticket: Ticket that is valid for transportation between certain points but indicates no specific reservation.

Open Systems Interconnection (OSI): A reference model developed by the International Organization of Standardization. It splits networking into seven layers which provide specific services and communications standards.

Open-Air Theater: An amphitheater, especially the unroofed public playhouses in the suburbs of London. Shakespeare's Globe and the Rose are two examples.

Open-Book Management: A management strategy emphasizing employee empowerment by making the organization’s financial data available to all employees. The goal of this type of management program is to make employee . . . View Full Definition

Open-End Lease: A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.