Related Words

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

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

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 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 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-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-Buyer-Agency-Agreement: This agreement is a nonexclusive agency contract between a broker and a buyer. It permits the buyer to enter into similar agreements with an unlimited number of brokers. The buyer is obligat . . . View Full Definition

Open-End Loan: A loan that permits the borrower to draw money from time to time up to a credit limit. A home equity line of credit (HELOC) is an open-end loan secured by a home.

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