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open-ended

   Also found in: Dictionary/thesaurus, Legal, Idioms, Wikipedia 0.01 sec.
open-ended [¦ō·pən ¦en·dəd]
(computer science)
Of techniques, designed to facilitate or permit expansion, extension, or increase in capability; the opposite of closed-in and artificially constrained.


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The trade associations say including open-ended loan products--such as lines of credit associated with checking accounts and home equity lines of credit--would create expensive compliance costs for credit unions.
If you are building a business that you expect to bring in a good income some day, it will be worth the open-ended commitment.
Yet, if the Fund is open-ended as Bulldog essentially proposes, Bulldog would be able to redeem those same shares at 100% of the Fund's NAV, giving Bulldog a quick 5% profit (assuming NAV remains constant) that would have otherwise been available to the tendering shareholders.
 
 
 
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