Related Words

Open Return: A air ticket with no return date specified. Rarely done these days, usually quite expensive and not allowed on most discounted fares.

Open-Market Operations: Open-market operations allow the Fed to implement its monetary policy and regulate the money supply. The Federal Reserve’s Open Market Committee (FOMC) regularly instructs the securities des . . . View Full Definition

Open-Market Purchase Operation: A systematic program of repurchasing shares of stock in market transactions at current market prices, in competition with other prospective investors.

Open-Outcry: The method of trading used at futures exchanges, typically involving calling out the specific details of a buy or sell order, so that the information is available to all traders.

Open-Panel HMO: An HMO in which any physician who meets the HMO's standards of care may contract with the HMO as a provider. These physicians typically operate out of their own offices and see other patient . . . 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-Market Operation: Purchase or sale of government securities by the monetary authorities to increase or decrease the domestic money supply.

Open-End Mortgage: Mortgage against which additional debts may be issued. Related: Closed-end mortgage.

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

Open-End Trust Deed: An expandable loan in which the borrower is given a limit up to which he or she may borrow, with each incremental advance to be secured by the same trust deed.