Related Words

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-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.

Open-Ended Hmos: HMOs which allow enrolled individuals to use out-of-plan providers and still receive partial or full coverage and payment for the professional's services under a traditional indemnity plan.

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

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 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-Market Operation: Purchase or sale of government securities by the monetary authorities to increase or decrease the domestic money supply.

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-Pot Method: Brewing method in which the ground coffee is steeped (not boiled) in an open pot, and separated from the brewed coffee by settling or straining.