Open Pipe-Ventilated Machine: An open machine except that openings for admission of ventilating air are so arranged that inlet ducts or pipes can be connected to them. Air may be circulated by means integral with machine or by means external to and not a part of the machine. In the latter case, this machine is sometimes known as separately- or force-ventilated machine.

 

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Open Pipe-Ventilated Machine: An open machine except that openings for admission of ventilating air are so arranged that inlet ducts or pipes can be connected to them. Air may be circulated by means integral with machine . . . View Full Definition

Open-End Fund: Used in the context of general equities. Mutual fund that continually creates new shares on demand. Mutual fund shareholders buy the funds at net asset value and may redeem them at any time . . . 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.

Open-End Credit: Revolving line of credit that is extended with every purchase or cash advance.