Definition of "open-end" []

• Having no definite limit of duration or amount: an open-end contract. (adjective)
• Continually issuing new shares or buying back existing shares from shareholders: an open-end mutual fund. (adjective)
• Permitting the borrowing of additional funds under existing terms: an open-end mortgage. (adjective)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Also called open-end investment funds, they continually sell and redeem shares at prices based on the asset value of the funds’ portfolios."
• "Another big reason investors buy index ETFs: The funds have a lower average annual expense ratio than open-end index mutual funds: 0.56% of assets, compared with 0.98%, according to Morningstar."
• "This is a feeling "connected to the edge, an experience of limits in its quasi-mathematical sense of an open-end, which in turn becomes one of extreme poetry"."